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 the development of drugs targeting central nervous system disorders, due to its ability to interact with specific receptors in the brain. Additionally, it finds application in the creation of antimicrobial and anti-inflammatory medications, where its chemical framework enhances the efficacy of the final drug product. Researchers also explore its potential in designing novel compounds for cancer therapy, leveraging its unique properties to inhibit the growth of certain cancer cells.