This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various therapeutic agents, particularly those targeting specific enzyme pathways or receptors. Its structure allows for modifications that can enhance drug efficacy and selectivity. Additionally, it is explored in the development of potential anti-inflammatory and analgesic medications due to its ability to interact with biological targets involved in pain and inflammation pathways. Researchers also investigate its role in creating novel compounds for treating neurological disorders, leveraging its chemical properties to cross the blood-brain barrier effectively.