This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its structure is particularly valuable in the development of compounds targeting neurological disorders, as it can interact with specific receptors in the brain. Additionally, it serves as a building block for creating molecules with potential anti-inflammatory and analgesic properties, making it relevant in pain management research. Its application extends to the study of metabolic pathways, where it aids in understanding biochemical interactions and designing drugs for metabolic diseases.