Used as a key intermediate in the synthesis of cannabinoid receptor modulators, particularly in the development of pharmaceuticals targeting CB1 and CB2 receptors. It plays a role in creating compounds with potential therapeutic effects for pain management, inflammation, and neurological disorders. Its structure supports high receptor selectivity and metabolic stability, making it valuable in medicinal chemistry for optimizing drug candidates. Also utilized in research settings to study endocannabinoid system activity and to develop analogs with improved pharmacokinetic profiles.