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, such as antiepileptic and neuroprotective medications. Additionally, it plays a role in the production of chiral compounds, where its stereochemistry is crucial for achieving high selectivity and efficacy in drug molecules. Researchers also leverage its properties in organic synthesis to create complex molecules with potential applications in medicinal chemistry.