Used primarily in the pharmaceutical industry, this compound serves as a key intermediate in the synthesis of various therapeutic agents. It is particularly valuable in the development of drugs targeting neurological disorders, due to its structural properties that allow it to interact effectively with specific receptors in the brain. Additionally, it finds application in the research of new treatments for inflammatory diseases, leveraging its ability to modulate biochemical pathways involved in inflammation. Its utility extends to the field of organic chemistry as well, where it is employed in the study of reaction mechanisms and the synthesis of complex organic molecules.