This chemical is primarily used in the synthesis of various pharmaceutical compounds. It serves as a key intermediate in the development of drugs that target neurological disorders, including those related to cognitive function and memory enhancement. Its structure allows it to interact with specific receptors in the brain, making it valuable in the creation of medications for conditions like Alzheimer's disease and other forms of dementia. Additionally, it is utilized in research settings to study the mechanisms of neuroprotection and to develop novel therapeutic agents. Its application extends to the field of medicinal chemistry, where it is employed to design and optimize molecules with potential therapeutic benefits.