This compound is primarily utilized in pharmaceutical research and development due to its potential biological activity. It is often investigated for its role as a precursor or intermediate in the synthesis of more complex molecules, particularly those targeting neurological or metabolic disorders. Its structure suggests it may interact with specific receptors or enzymes, making it valuable in drug discovery efforts. Researchers also explore its application in designing compounds with potential anti-inflammatory, analgesic, or anticancer properties. Additionally, it is sometimes used in biochemical assays to study cellular mechanisms and signaling pathways. Its dimethanesulfonate form enhances solubility, making it suitable for various experimental and formulation purposes.