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 drugs targeting neurological disorders, such as Alzheimer's disease and other cognitive impairments. Additionally, it is employed in the creation of compounds with potential anti-inflammatory and analgesic properties, making it a versatile component in medicinal chemistry. Researchers also explore its utility in designing novel inhibitors for enzymes involved in disease pathways, contributing to advancements in therapeutic drug development.