Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. It is particularly valuable in the development of therapeutic agents targeting neurological disorders, such as Parkinson's disease and Alzheimer's disease, due to its potential to modulate specific receptors in the brain. Additionally, it has shown promise in the creation of anti-inflammatory and anticancer drugs, where its structural framework contributes to the inhibition of certain enzymes or proteins involved in disease progression. Its versatility in medicinal chemistry makes it a crucial component in the discovery and optimization of new drug candidates.