NEO-823 is primarily utilized in the field of organic synthesis as a key intermediate for the production of more complex chemical compounds. Its unique structure allows it to act as a building block in the creation of various pharmaceuticals, particularly in the development of drugs targeting neurological disorders. Additionally, NEO-823 is employed in research settings to study its potential applications in cancer therapy, where it has shown promise in inhibiting specific pathways involved in tumor growth. Its versatility also extends to material science, where it is used in the synthesis of advanced polymers with specialized properties.