Used primarily in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals, particularly in the development of drugs targeting central nervous system disorders. Its structure is valuable for creating molecules with specific stereochemistry, which is crucial for biological activity. Additionally, it is employed in the synthesis of peptidomimetics and other bioactive compounds, aiding in the exploration of new therapeutic agents. Its stability and reactivity make it a versatile building block in medicinal chemistry research.