This compound is primarily utilized in the synthesis of pharmaceuticals, particularly in the development of drugs targeting neurological disorders. It serves as a key intermediate in the production of compounds that modulate neurotransmitter activity, aiding in the treatment of conditions like Alzheimer's disease and epilepsy. Additionally, it finds application in the preparation of chiral molecules, which are crucial for creating enantiomerically pure drugs, enhancing their efficacy and reducing side effects. Its role in organic synthesis also extends to the development of novel bioactive molecules for research and therapeutic purposes.