This compound is primarily utilized in pharmaceutical research and development, particularly in the study of enzyme inhibitors and receptor modulators. Its structure makes it a valuable intermediate in synthesizing more complex molecules that target specific biological pathways. It is often employed in the creation of potential therapeutic agents for neurological disorders, as it can interact with neurotransmitter systems. Additionally, it serves as a key component in the development of chiral compounds, aiding in the exploration of stereochemistry in drug design. Its application extends to biochemical assays, where it helps in understanding molecular interactions and mechanisms of action.