Used in the synthesis of pharmaceutical compounds, particularly as an intermediate in the production of active pharmaceutical ingredients (APIs). Its structure is valuable in the development of drugs targeting neurological disorders, such as Alzheimer's disease and other cognitive impairments. The compound's chiral nature makes it significant in creating enantiomerically pure substances, which are critical for ensuring the efficacy and safety of therapeutic agents. Additionally, it is employed in research for designing and optimizing molecules with potential therapeutic effects, particularly in the field of medicinal chemistry.