Used primarily in the pharmaceutical industry, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the development of drugs targeting neurological disorders, as its structure can be modified to enhance blood-brain barrier penetration. Additionally, it is utilized in the production of anti-inflammatory and analgesic medications, where its functional groups enable effective interaction with biological targets. The compound also finds application in research settings for studying enzyme inhibition and receptor binding mechanisms, aiding in the discovery of novel therapeutic agents.