Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of biologically active molecules. Its structure is valuable in the design of kinase inhibitors, which are important in the treatment of cancers and inflammatory diseases. It also finds use in the development of selective androgen receptor modulators (SARMs), where it contributes to enhancing binding affinity and metabolic stability. Additionally, it has been explored in the creation of compounds targeting neurological disorders due to its ability to cross the blood-brain barrier effectively. Its derivatives are frequently investigated for their anti-inflammatory, analgesic, and neuroprotective properties.