Used in pharmaceutical research as a key intermediate in the synthesis of various bioactive compounds. It plays a role in the development of drugs targeting neurological disorders, including potential treatments for Alzheimer's disease and other cognitive impairments. The compound is also explored for its potential in creating analgesics and anti-inflammatory medications. Its structural properties make it valuable in designing molecules that interact with specific receptors in the central nervous system. Additionally, it is utilized in the study of enzyme inhibition and receptor modulation, contributing to advancements in medicinal chemistry.