This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various bioactive molecules, particularly those targeting neurological and inflammatory disorders. Its structure is often incorporated into drug candidates due to its ability to interact with specific biological receptors and enzymes. Researchers also explore its potential in developing inhibitors for certain protein kinases, which are crucial in treating cancers and autoimmune diseases. Additionally, it is studied for its role in creating novel compounds with antimicrobial properties, contributing to the fight against resistant bacterial strains.