This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various therapeutic agents. Its structure is particularly valuable in the development of drugs targeting the central nervous system, where it can be incorporated into molecules designed to treat neurological disorders. Additionally, it serves as a building block in the creation of chiral compounds, which are essential for producing enantiomerically pure medications. The compound's stereochemistry also makes it useful in asymmetric synthesis, enabling the production of complex molecules with high precision. Its applications extend to research and development, where it aids in the exploration of new drug candidates and the optimization of existing pharmaceutical formulations.