Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various therapeutic agents. Its structure is particularly valuable in developing drugs targeting neurological disorders, such as Alzheimer's disease and other cognitive impairments. Additionally, it is explored for its potential in creating anti-inflammatory and anticancer medications due to its unique chemical properties. Researchers also utilize it in the study of enzyme inhibition, aiding in the discovery of new treatments for complex diseases. Its role in medicinal chemistry underscores its importance in advancing drug development and therapeutic innovation.