Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its structure is particularly valuable in the development of drugs targeting neurological disorders, such as Parkinson's and Alzheimer's diseases, due to its ability to interact with specific enzymes and receptors in the brain. Additionally, it is employed in the study of metabolic pathways and the production of antioxidants, which can help mitigate oxidative stress in cells. Its role in organic synthesis also extends to the creation of complex compounds for further pharmacological evaluation.