This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals. Its structure is particularly valuable in the development of compounds with potential biological activity, such as antioxidants and anti-inflammatory agents. Additionally, it is employed in research settings to study its interactions with enzymes and receptors, aiding in the discovery of new therapeutic targets. The compound’s unique chemical properties also make it suitable for use in the synthesis of complex organic molecules, contributing to advancements in medicinal chemistry.