Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. It is particularly valuable in the development of drugs targeting neurological disorders, such as Parkinson’s disease and Alzheimer’s, due to its structural compatibility with central nervous system receptors. Additionally, it is employed in the creation of compounds with potential anti-inflammatory and anticancer properties. Its versatility in medicinal chemistry makes it a crucial component in the discovery and optimization of therapeutic agents.