This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of more complex molecules. Its structure is particularly valuable in the development of pharmaceuticals targeting neurological disorders, as it can interact with specific receptors in the brain. Researchers often modify its core structure to enhance binding affinity and selectivity for therapeutic targets, making it a versatile building block in drug discovery. Additionally, it has shown potential in the study of enzyme inhibition, which is crucial for designing treatments for diseases influenced by enzymatic activity. Its applications extend to the development of novel compounds with potential anti-inflammatory and anticancer properties, contributing to ongoing research in these areas.