Used in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of potential drugs targeting neurological disorders, such as Parkinson's disease and Alzheimer's disease. Additionally, it is utilized in the creation of compounds with potential analgesic and anti-inflammatory properties. Researchers also explore its role in designing enzyme inhibitors, which can be applied in treating metabolic diseases. Its versatility in medicinal chemistry makes it a significant component in drug discovery and development processes.