Used primarily in pharmaceutical research and development, it serves as a key intermediate in the synthesis of various biologically active compounds. Its structure is particularly valuable in the creation of molecules targeting neurological disorders, such as Parkinson's disease and other neurodegenerative conditions. Additionally, it is employed in the development of potential therapeutic agents for treating inflammation and pain. Its application extends to the field of medicinal chemistry, where it aids in the design and optimization of drug candidates with improved efficacy and safety profiles.