This compound is primarily utilized in pharmaceutical research and development due to its potential biological activity. It is often investigated for its role as a precursor or intermediate in the synthesis of more complex molecules, particularly those targeting neurological disorders or cardiovascular conditions. Its structure suggests potential interactions with specific enzymes or receptors, making it valuable in drug discovery efforts. Additionally, it may be explored for its antioxidant or anti-inflammatory properties in preclinical studies. Researchers also use it to study structure-activity relationships to optimize therapeutic efficacy and reduce side effects in drug candidates.