This compound is primarily utilized in the synthesis of complex organic molecules, particularly in pharmaceutical research. It serves as a key intermediate in the development of active pharmaceutical ingredients (APIs) with potential therapeutic applications. Its structure is valuable in constructing heterocyclic frameworks, which are often found in drugs targeting neurological and cardiovascular disorders. Additionally, it is employed in medicinal chemistry for the design of novel compounds with enhanced bioavailability and efficacy. Its role in facilitating stereoselective reactions also makes it significant in the production of enantiomerically pure substances.