Used primarily in the pharmaceutical industry, this compound serves as a key intermediate in the synthesis of various drugs. It is particularly valuable in the development of antiviral medications, where its unique structure helps enhance the efficacy and stability of the active pharmaceutical ingredients. Additionally, it finds application in neurological research, aiding in the study of neurodegenerative diseases by interacting with specific biological pathways. Its robust chemical framework also makes it a candidate for use in advanced material science, contributing to the creation of novel polymers with enhanced properties.