Used in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. It is particularly valuable in the development of drugs targeting neurological disorders due to its structural properties that interact with specific receptors in the brain. Additionally, it finds application in the creation of small molecule inhibitors for enzymes involved in inflammatory pathways, making it a potential candidate for anti-inflammatory medications. Its versatility also extends to agrochemical research, where it is explored for the development of new pesticides and herbicides.