This compound is primarily utilized in pharmaceutical research and development, particularly in the study of novel drug candidates. It serves as a key intermediate in the synthesis of biologically active molecules, especially those targeting neurological and inflammatory disorders. Its structural features make it valuable for designing compounds that interact with specific receptors or enzymes in the body. Additionally, it is explored for its potential in creating treatments for conditions like Alzheimer's disease, due to its ability to modulate certain biochemical pathways. Researchers also investigate its role in developing anti-cancer agents, leveraging its unique molecular framework to enhance drug efficacy and selectivity.