Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. It is particularly valuable in the development of drugs targeting neurological disorders and inflammatory conditions. Its structural properties make it suitable for creating derivatives that can interact with specific enzymes or receptors, aiding in the discovery of new therapeutic agents. Additionally, it is employed in organic synthesis to study reaction mechanisms and optimize chemical processes. Its role in medicinal chemistry highlights its importance in advancing drug development and improving treatment options for complex diseases.