Used in the synthesis of complex organic compounds, particularly in pharmaceutical research. It serves as a key intermediate in the development of drugs targeting neurological disorders, such as Alzheimer’s and Parkinson’s diseases. Its structure is valuable in creating molecules that interact with specific receptors in the brain, aiding in the modulation of neurotransmitter activity. Additionally, it is explored in the design of anticancer agents due to its potential to inhibit certain enzymes involved in tumor growth. Researchers also utilize it in the study of fluorescence properties for developing new imaging agents in medical diagnostics.