This chemical is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active compounds. Its unique structure makes it valuable for developing potential therapeutic agents, particularly in the design of molecules targeting neurological disorders. Researchers have explored its derivatives for their potential as inhibitors of specific enzymes or receptors involved in neurodegenerative diseases. Additionally, it has been investigated for its role in creating novel compounds with anti-inflammatory or antioxidant properties, contributing to the development of new drugs for treating chronic conditions. Its application extends to pharmaceutical research, where it serves as a building block for complex molecules in drug discovery programs.