Used primarily as an intermediate in organic synthesis, this compound serves in the development of pharmaceuticals, particularly in the production of analgesics and central nervous system agents. Its structure allows for modification into active drug components, especially those targeting pain relief. It is also employed in the preparation of chiral building blocks for asymmetric synthesis, making it valuable in medicinal chemistry research. Additionally, it may act as a precursor in the synthesis of specialty amines used in agrochemicals and functional materials.