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 biologically active molecules, particularly those targeting neurological and inflammatory disorders. Its structural features make it a valuable building block for developing compounds with potential therapeutic effects, such as enzyme inhibitors or receptor modulators. Researchers also explore its derivatives for their potential in drug discovery, focusing on optimizing pharmacokinetic properties and enhancing efficacy. Additionally, it may be employed in studies related to metabolic pathways and biochemical interactions, contributing to advancements in understanding disease mechanisms.