This compound is primarily utilized in the pharmaceutical and biochemical research fields. It serves as a key intermediate in the synthesis of various bioactive molecules and drug candidates. Its structure is particularly valuable in the development of compounds targeting neurological disorders, as it can influence neurotransmitter activity and receptor interactions. Additionally, it is employed in the study of enzyme inhibition and metabolic pathways, contributing to the discovery of potential therapeutic agents. Its versatility also extends to materials science, where it is explored for creating novel polymers with specific properties.