This compound is primarily utilized in the field of medicinal chemistry due to its potential pharmacological properties. It has been studied for its role as a cholinesterase inhibitor, which makes it a candidate for the treatment of neurodegenerative disorders such as Alzheimer's disease. By inhibiting the breakdown of acetylcholine, it helps improve cognitive function and memory in affected individuals. Additionally, its structural properties make it a subject of interest in the development of new therapeutic agents targeting neurological conditions. Research is ongoing to explore its efficacy, safety, and potential applications in other areas of medicine.