This chemical is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical compounds. Its structure is particularly valuable in the development of drugs targeting neurological disorders, due to its ability to interact with specific receptors in the brain. Additionally, it is employed in the creation of bioactive molecules that exhibit antimicrobial and anti-inflammatory properties, making it useful in the formulation of treatments for infections and inflammatory conditions. Researchers also explore its potential in designing novel compounds for cancer therapy, leveraging its unique chemical framework to enhance the efficacy of targeted therapies.