Used in pharmaceutical research for its potential neuroprotective and anti-inflammatory properties. Shows promise in studies related to ischemic stroke, helping to reduce brain damage and improve recovery in preclinical models. Also investigated for anticancer activity, particularly in inhibiting the growth of certain tumor cells. Its ability to cross the blood-brain barrier makes it valuable in developing treatments for neurological disorders. Additionally, it serves as an intermediate in the synthesis of bioactive compounds and natural product derivatives.