This compound is primarily utilized in the field of medicinal chemistry and pharmacology due to its structural properties and biological activity. It serves as a key intermediate in the synthesis of various pharmaceutical agents, particularly those targeting neurological disorders. Its unique structure allows it to interact with specific receptors in the brain, making it valuable in the development of drugs for conditions such as Parkinson's disease and other neurodegenerative illnesses. Additionally, it is explored for its potential use in creating compounds with anti-inflammatory and antioxidant properties, which could be beneficial in treating chronic diseases. Researchers also investigate its role in enhancing the efficacy of other therapeutic agents by modifying its chemical structure to improve drug delivery and bioavailability.