Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its structure is particularly valuable in the development of potential drugs targeting neurological disorders, owing to its ability to interact with specific receptors in the brain. Additionally, it finds application in organic synthesis, where it is utilized to create complex cyclic compounds with potential therapeutic properties. Researchers also explore its use in designing novel anti-inflammatory and analgesic agents, leveraging its unique chemical framework for enhanced efficacy.