This compound is primarily utilized in the field of medicinal chemistry due to its structural properties, which make it a valuable intermediate in the synthesis of various pharmaceutical agents. It serves as a key building block in the development of drugs targeting neurological disorders, including Alzheimer's disease and Parkinson's disease, owing to its potential to modulate neurotransmitter activity. Additionally, its framework is explored in the creation of anti-inflammatory and analgesic medications, as it can interact with specific biological pathways to reduce inflammation and pain. Researchers also investigate its role in designing compounds with antioxidant properties, which could be beneficial in treating oxidative stress-related conditions. Its versatility in drug design underscores its importance in advancing therapeutic innovations.