This compound is primarily utilized in the field of medicinal chemistry, where it serves as a key intermediate in the synthesis of various pharmaceutical agents. Its unique structure makes it valuable for developing compounds with potential therapeutic effects, particularly in the treatment of neurological disorders and inflammatory diseases. Researchers often explore its derivatives for their biological activity, focusing on its ability to interact with specific receptors or enzymes in the body. Additionally, it is studied for its potential role in creating novel drugs that target conditions such as pain management, anxiety, and depression. Its application extends to the development of chiral compounds, where its stereochemistry is leveraged to enhance drug efficacy and reduce side effects.