This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological disorders. Its structure is often incorporated into compounds designed to modulate enzyme activity or receptor binding, making it valuable for research into treatments for conditions such as Alzheimer's disease and Parkinson's disease. Additionally, it is explored for its potential in creating novel analgesics and anti-inflammatory agents, owing to its ability to interact with specific pathways in the body. Researchers also investigate its role in developing inhibitors for certain enzymes involved in disease progression, further expanding its pharmaceutical applications.