This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various bioactive molecules, particularly those targeting neurological and inflammatory disorders. Its structure is often incorporated into the design of drugs that interact with specific receptors or enzymes in the body, making it valuable for developing treatments for conditions like Alzheimer's disease, Parkinson's disease, and chronic pain. Additionally, it is explored in the development of antimicrobial agents, contributing to the fight against drug-resistant pathogens. Its versatility in chemical reactions also makes it a useful building block in organic synthesis for creating more complex compounds.