Used primarily in pharmaceutical research, it serves as a key intermediate in the synthesis of various bioactive compounds. Its structure is particularly valuable in the development of drugs targeting neurological disorders, such as Alzheimer's disease and Parkinson's disease. Additionally, it is explored for its potential in creating inhibitors for enzymes involved in cancer progression. Researchers also utilize it in the study of receptor-ligand interactions to design more effective therapeutic agents. Its role in medicinal chemistry highlights its importance in advancing treatments for complex diseases.