This compound is primarily utilized in the field of medicinal chemistry and pharmacology due to its potential biological activity. It is often studied for its role as an intermediate in the synthesis of more complex molecules, particularly those targeting neurological disorders. Researchers explore its application in developing inhibitors for specific enzymes or receptors involved in conditions like Alzheimer's disease, Parkinson's disease, or other neurodegenerative illnesses. Its structural features, including the dimethoxy and cyano groups, make it a valuable scaffold for designing compounds with enhanced binding affinity and selectivity. Additionally, it may be investigated for its potential anti-inflammatory or analgesic properties, contributing to the development of novel therapeutic agents.