This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the preparation of various biologically active molecules, particularly those targeting neurological and inflammatory pathways. Its structural features make it suitable for the development of chiral compounds, which are crucial in the production of enantiomerically pure drugs. Additionally, it has been explored in the design of enzyme inhibitors and receptor modulators due to its ability to interact with specific protein targets. Its applications extend to the study of stereochemistry and the development of novel therapeutic agents with enhanced efficacy and reduced side effects.