This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various bioactive molecules, particularly those targeting neurological and inflammatory pathways. Its structural features make it suitable for designing enzyme inhibitors and receptor modulators, which are crucial in drug discovery. Additionally, it has been explored for its potential in creating chiral catalysts, aiding in asymmetric synthesis to produce enantiomerically pure compounds. Its applications also extend to the study of stereochemistry and the development of novel therapeutic agents.