This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. Its unique structure makes it a valuable intermediate in the creation of molecules targeting various biological pathways. It has shown potential in the development of compounds with therapeutic effects on neurological disorders, owing to its ability to interact with specific receptors in the brain. Additionally, it is explored for its anti-inflammatory and analgesic properties, making it a candidate for pain management and inflammatory disease treatments. Researchers also investigate its role in designing inhibitors for enzymes involved in diseases such as cancer and metabolic disorders. Its versatility in medicinal chemistry underscores its importance in advancing drug discovery efforts.