Used in pharmaceutical research as a key intermediate in the synthesis of compounds with potential therapeutic effects. It is particularly studied for its role in developing drugs targeting neurological disorders, such as Alzheimer's disease, due to its structural similarity to bioactive molecules. Additionally, it serves as a building block in organic chemistry for creating complex heterocyclic compounds, which are valuable in medicinal chemistry for drug discovery and development. Its applications also extend to the study of enzyme inhibition, where it may help in designing inhibitors for specific biological targets.