This compound is primarily utilized in the synthesis of various pharmaceutical agents, particularly in the development of drugs targeting central nervous system disorders. It serves as a key intermediate in the production of compounds that exhibit neuroprotective and anti-inflammatory properties. Additionally, it is employed in the creation of inhibitors for specific enzymes involved in neurodegenerative diseases, such as Alzheimer's and Parkinson's. Its structural properties make it valuable in medicinal chemistry for designing molecules with enhanced bioavailability and therapeutic efficacy.