Used in pharmaceutical research as a key intermediate in the synthesis of biologically active compounds, particularly those targeting the central nervous system. It serves as a structural scaffold in the development of neuroprotective agents and enzyme inhibitors. Its derivatives are explored for potential applications in treating neurodegenerative diseases such as Parkinson’s and Alzheimer’s due to their ability to cross the blood-brain barrier and interact with neuronal receptors. Also employed in the design of compounds with anti-inflammatory and antioxidant properties.