Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of compounds targeting neurological disorders, including potential treatments for Alzheimer's disease and other neurodegenerative conditions. Additionally, it is utilized in the study of receptor interactions and enzyme inhibition, aiding in the discovery of new therapeutic agents. Its role in medicinal chemistry underscores its importance in advancing drug discovery and development processes.