This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and metabolic disorders. Its unique structure allows it to act as a building block for designing peptides and small molecules that modulate specific receptors or enzymes in the body. Additionally, it has been explored in the development of potential treatments for conditions such as epilepsy and anxiety due to its ability to interact with neurotransmitter systems. Researchers also investigate its use in creating novel compounds with anti-inflammatory or antioxidant properties, making it a versatile component in pharmaceutical research.