Used primarily in organic synthesis, it serves as a key intermediate in the production of various pharmaceutical compounds. Its role in the synthesis of beta-lactam antibiotics is particularly noteworthy, contributing to the development of effective antibacterial agents. Additionally, it is utilized in research settings for studying enzyme inhibition and receptor binding, providing insights into biochemical pathways. The compound also finds application in the development of novel therapeutic agents targeting neurological disorders, due to its structural similarity to certain neurotransmitters. Its versatility in chemical reactions makes it valuable for creating complex molecules in medicinal chemistry.