This chemical is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical compounds. It plays a significant role in the development of drugs targeting neurological disorders, including potential treatments for Alzheimer's disease and other cognitive impairments. Additionally, it is explored for its use in creating anti-inflammatory and antimicrobial agents, contributing to advancements in therapeutic solutions for infections and inflammatory conditions. Its structural properties make it a valuable component in designing molecules with enhanced efficacy and specificity for biological targets.