This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of drugs targeting neurological disorders, particularly those involving pain management and inflammation. Its structural properties make it suitable for creating derivatives that can interact with specific receptors in the central nervous system, enhancing therapeutic efficacy. Additionally, it is employed in research settings to study metabolic pathways and enzyme interactions, aiding in the discovery of novel treatments for chronic conditions. Its application extends to the development of prodrugs, where it helps improve the bioavailability and stability of active compounds.