This compound is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of various bioactive molecules. Its structure is particularly valuable in the creation of compounds targeting neurological disorders, such as Alzheimer's disease and other cognitive impairments. Additionally, it serves as a building block in the development of potential therapeutic agents for cardiovascular conditions due to its ability to interact with specific biological pathways. In medicinal chemistry, it is often employed to modify and optimize drug candidates for improved efficacy and selectivity. Its application extends to the study of enzyme inhibition and receptor modulation, contributing to the discovery of novel treatments for complex diseases.