This compound is primarily utilized in the field of medicinal chemistry for its potential therapeutic applications. It is studied for its role as an acetylcholinesterase inhibitor, which makes it a candidate for the treatment of neurodegenerative diseases such as Alzheimer's. By inhibiting the enzyme acetylcholinesterase, it helps increase the levels of acetylcholine in the brain, which can improve cognitive function and memory in patients. Additionally, its structural properties are of interest in the development of new pharmacological agents targeting the central nervous system. Researchers also explore its use in synthesizing derivatives with enhanced biological activity and reduced toxicity for better clinical outcomes.