This compound is primarily utilized in the synthesis of various pharmaceuticals, particularly in the development of drugs targeting the central nervous system. It serves as a key intermediate in the production of analgesics and anti-inflammatory medications, contributing to the creation of more effective pain management solutions. Additionally, it is employed in the manufacture of certain types of polymers and resins, enhancing their durability and chemical resistance. In the field of organic chemistry, it is used as a building block for more complex molecules, aiding in research and development of new chemical entities. Its unique structure also makes it valuable in the study of stereochemistry and reaction mechanisms, providing insights that can be applied to a wide range of scientific investigations.