Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its structure is particularly valuable in creating compounds with potential therapeutic effects, such as anti-inflammatory and analgesic agents. Additionally, it plays a role in the development of novel drug candidates targeting neurological disorders due to its ability to interact with specific receptors in the brain. Researchers also utilize it in the study of enzyme inhibition and receptor modulation, contributing to advancements in medicinal chemistry and drug discovery.