Used in the synthesis of pharmaceutical intermediates, particularly in the development of dopamine receptor agonists and neuroprotective agents. Its structural features support activity in central nervous system disorders, making it valuable in medicinal chemistry research. Also employed as a building block in organic synthesis for creating complex bioactive molecules. Shows potential in the design of antioxidants due to its phenolic hydroxyl groups, which can scavenge free radicals. Investigated for use in prodrug formulations to enhance bioavailability of neurotherapeutic compounds.