This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting the central nervous system. Its structural framework is often incorporated into compounds designed for neurological disorders, such as Alzheimer's disease and Parkinson's disease, due to its ability to interact with specific receptors or enzymes in the brain. Additionally, it is explored for its potential in creating novel therapeutic agents with anti-inflammatory or antioxidant properties. Researchers also investigate its role in enhancing drug delivery systems, improving the efficacy and stability of active pharmaceutical ingredients.