Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the production of drugs targeting neurological disorders, including Alzheimer's disease and other cognitive impairments. Its structure allows for further chemical modifications, making it a versatile building block in medicinal chemistry. Additionally, it finds application in the development of novel therapeutic agents due to its ability to interact with specific biological targets. Researchers also utilize it in the study of enzyme inhibition and receptor binding mechanisms, contributing to advancements in drug discovery and design.