This compound is primarily utilized in the synthesis of pharmaceutical intermediates, particularly in the development of drugs targeting central nervous system disorders. Its unique structure makes it a valuable building block for creating molecules with potential analgesic or anti-inflammatory properties. Researchers also explore its use in designing compounds for treating neurodegenerative diseases, such as Alzheimer's or Parkinson's, due to its ability to interact with specific neural receptors. Additionally, it serves as a chiral auxiliary in asymmetric synthesis, enhancing the efficiency of producing enantiomerically pure substances, which are critical in the production of high-purity active pharmaceutical ingredients.