PH-002 is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its unique chemical structure makes it suitable for developing compounds with potential therapeutic effects, particularly in the treatment of neurological disorders and inflammatory conditions. Researchers also explore its application in creating novel drug candidates due to its ability to interact with specific biological targets. Additionally, PH-002 is studied for its potential use in organic synthesis, where it serves as a building block for more complex molecules in medicinal chemistry. Its role in drug discovery and development highlights its significance in advancing modern medicine.