Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its structure is particularly valuable in the creation of compounds targeting neurological disorders, including potential treatments for conditions like Alzheimer's disease and other cognitive impairments. Additionally, it is explored in the development of anticancer agents due to its ability to interact with specific cellular pathways. Researchers also investigate its potential in designing novel drugs for cardiovascular diseases, leveraging its unique chemical properties to enhance efficacy and selectivity in therapeutic applications.