This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of biologically active molecules. Its unique structure makes it valuable for developing compounds with potential therapeutic applications, particularly in targeting enzymes or receptors involved in various diseases. Researchers often explore its use in creating inhibitors for specific pathways, such as those related to inflammation or cancer. Additionally, its stereochemistry allows for the development of enantioselective drugs, enhancing efficacy and reducing side effects. This chemical is also studied for its potential role in organic synthesis, where it serves as a building block for complex heterocyclic compounds.