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 Alzheimer's disease, due to its ability to interact with specific receptors in the brain. Additionally, it is employed in the creation of compounds with potential anti-inflammatory and analgesic properties, making it a versatile component in medicinal chemistry. Researchers also explore its utility in designing novel therapeutic agents for treating psychiatric conditions, leveraging its unique chemical framework to enhance drug efficacy and selectivity.