This chemical is commonly used in organic synthesis as a building block for the preparation of various pharmaceuticals and bioactive compounds. It serves as a key intermediate in the development of drugs targeting neurological disorders, such as antidepressants and antipsychotics, due to its structural compatibility with neurotransmitter systems. Additionally, it is utilized in the synthesis of ligands for metal complexes in catalysis, particularly in asymmetric synthesis, where it helps achieve high enantioselectivity. Its application extends to the field of polymer chemistry, where it is employed in the production of specialized resins and coatings with enhanced durability and chemical resistance.