Primarily used in pharmaceutical research, this compound serves as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the development of drugs targeting neurological disorders, where its structure can be modified to enhance binding affinity to specific receptors. Additionally, it finds application in organic synthesis for creating complex molecules with potential therapeutic properties. Its benzyloxy group makes it a versatile building block for constructing compounds with improved bioavailability and metabolic stability. Researchers also explore its use in designing inhibitors for enzymes involved in inflammatory pathways, contributing to the development of anti-inflammatory medications.