Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its structure is particularly valuable in the development of potential therapeutic agents targeting neurological disorders. Researchers leverage its unique chemical framework to explore its efficacy in inhibiting specific enzymes or receptors associated with diseases like Alzheimer's and Parkinson's. Additionally, it finds utility in organic synthesis for constructing complex heterocyclic compounds, which are essential in drug discovery and development processes. Its applications are largely confined to laboratory settings, where it aids in advancing medicinal chemistry and related scientific studies.