Used primarily in the pharmaceutical industry, it serves as a key intermediate in the synthesis of various therapeutic agents. Its structure is particularly valuable in the development of compounds targeting neurological disorders, such as Alzheimer's disease and Parkinson's disease. Additionally, it is utilized in the creation of anti-inflammatory and analgesic medications, offering potential benefits in pain management. In research, it acts as a building block for the development of novel drugs, enabling the exploration of new treatment pathways. Its role in organic synthesis also extends to the production of dyes and agrochemicals, contributing to advancements in material science and agriculture.