This compound is primarily utilized in organic synthesis as a key intermediate in the production of various pharmaceuticals. It plays a crucial role in the synthesis of complex molecules, particularly in the development of drugs that target neurological disorders. Its structure allows for versatile chemical modifications, making it valuable in creating compounds with specific biological activities. Additionally, it is used in research laboratories for studying reaction mechanisms and developing new synthetic pathways. Its application extends to the preparation of chiral compounds, which are essential in the production of enantiomerically pure drugs.