Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various therapeutic agents. Its structure is particularly valuable in the development of drugs targeting neurological disorders, such as Alzheimer's disease and Parkinson's disease, due to its ability to interact with specific receptors in the brain. Additionally, it is utilized in the creation of compounds with potential anti-inflammatory and analgesic properties, making it a versatile component in medicinal chemistry. Its application extends to the study of enzyme inhibition, where it aids in understanding biochemical pathways and designing enzyme-targeted therapies.