This chemical is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various bioactive compounds, particularly those targeting neurological and inflammatory disorders. Its unique structure makes it valuable for creating derivatives that can interact with specific enzymes or receptors, aiding in the discovery of new therapeutic agents. Additionally, it is employed in the study of reaction mechanisms and the synthesis of complex organic molecules, contributing to advancements in medicinal chemistry and drug design.