Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various therapeutic agents. Its structural properties make it valuable in the creation of drugs targeting neurological disorders, particularly those involving the modulation of neurotransmitter activity. Additionally, it is employed in the development of compounds with potential anti-inflammatory and analgesic effects. Its role in medicinal chemistry is significant due to its ability to enhance the bioavailability and stability of active pharmaceutical ingredients.