This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and inflammatory disorders. Its structural framework is often incorporated into the development of receptor modulators, which can influence specific pathways in the central nervous system. Additionally, it has been explored for its potential in creating novel therapeutic agents that exhibit anti-inflammatory or analgesic properties. Researchers also investigate its role in optimizing drug delivery systems due to its chemical stability and compatibility with other pharmaceutical ingredients.