This chemical is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of biologically active compounds, particularly those targeting enzyme inhibition or receptor modulation. Its structural features make it a valuable scaffold for developing potential therapeutic agents, especially in the treatment of diseases related to inflammation, cancer, and metabolic disorders. Researchers often explore its derivatives for their pharmacokinetic properties and efficacy in preclinical studies. Additionally, it may be used in organic synthesis to create complex molecules for further chemical and biological evaluation.