This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of more complex molecules. It is particularly significant in the development of drugs targeting neurological disorders, such as Parkinson's disease and other conditions related to dopamine regulation. Its unique structure allows it to act as a precursor in the creation of compounds that modulate neurotransmitter activity in the brain. Additionally, it has shown potential in the research and development of anti-inflammatory agents, owing to its ability to influence specific biochemical pathways. Its application extends to experimental studies focused on understanding cellular mechanisms and exploring new therapeutic options.