This chemical is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of complex organic compounds, particularly those targeting neurological disorders. Its unique structure makes it valuable for creating molecules that interact with specific receptors in the brain, potentially aiding in the treatment of conditions like Alzheimer's disease, Parkinson's disease, and other neurodegenerative illnesses. Additionally, it is explored for its potential in developing anti-inflammatory and analgesic drugs due to its ability to modulate biological pathways effectively. Researchers also investigate its role in creating novel therapeutic agents with improved efficacy and reduced side effects.