This chemical 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 compounds, particularly those targeting central nervous system disorders. Its structural framework is valuable in developing potential therapeutic agents with anti-inflammatory, analgesic, and neuroprotective properties. Additionally, it has been explored for its role in designing novel inhibitors for enzymes involved in disease pathways, such as those related to oxidative stress and neurodegenerative conditions. Researchers also investigate its derivatives for their potential in improving drug efficacy and reducing side effects in clinical applications.