This compound is primarily utilized in the synthesis of complex organic molecules, particularly in pharmaceutical research. It serves as a key intermediate in the development of various therapeutic agents, including those targeting neurological disorders. Its structure is advantageous for creating compounds with specific stereochemistry, which is crucial for drug efficacy. Additionally, it is employed in the preparation of ligands for catalytic systems in organic reactions, enhancing selectivity and yield. Its stability and reactivity make it a valuable component in advanced chemical synthesis.