This compound is primarily utilized in the field of medicinal chemistry, where it serves as a key intermediate in the synthesis of biologically active molecules. Its unique structure makes it valuable for developing compounds with potential therapeutic effects, particularly in targeting specific enzymes or receptors involved in diseases. Researchers often explore its derivatives for their pharmacological properties, such as anti-inflammatory, antimicrobial, or anticancer activities. Additionally, its chiral centers allow for the creation of enantiomerically pure substances, which are crucial in drug development to ensure efficacy and reduce side effects. The compound's versatility also extends to its use in organic synthesis, where it acts as a building block for more complex heterocyclic compounds.