This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of calcium channel blockers. These blockers are crucial in managing cardiovascular conditions such as hypertension and angina by relaxing the muscles of the heart and blood vessels. Additionally, its structural features make it valuable in research for developing new drugs with improved efficacy and reduced side effects. The compound’s specific stereochemistry and functional groups also contribute to its role in studying enzyme interactions and receptor binding mechanisms, aiding in the design of targeted therapies.