This compound is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of biologically active molecules. Its structure is particularly valuable in the creation of compounds targeting neurological disorders, such as Alzheimer's disease and other cognitive impairments. Additionally, it serves as a building block in the design of drugs aimed at modulating specific enzyme activities or receptor interactions, contributing to advancements in medicinal chemistry. Its application extends to the development of potential therapeutic agents for inflammatory and infectious diseases, owing to its versatile chemical framework.