Used in pharmaceutical research as a key intermediate in the synthesis of compounds with potential therapeutic applications. It is particularly explored for its role in developing drugs targeting neurological disorders, such as Alzheimer's disease, due to its ability to interact with specific receptors in the brain. Additionally, it serves as a building block in the creation of molecules with antimicrobial and anti-inflammatory properties, making it valuable in the development of new antibiotics and treatments for chronic inflammatory conditions. Its structural properties also make it a candidate for use in materials science, particularly in the design of organic semiconductors and optoelectronic devices.