Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of central nervous system (CNS) active compounds. Its structure supports binding to specific neural receptors, making it valuable in research for neurodegenerative diseases and psychiatric disorders. Also employed in the preparation of pyridone-based derivatives with potential anti-inflammatory and antioxidant properties. Commonly utilized in medicinal chemistry for structure-activity relationship (SAR) studies due to its ability to modulate bioavailability and receptor affinity in drug candidates.