This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of biologically active molecules. It serves as a key intermediate in the production of drugs targeting cardiovascular diseases, central nervous system disorders, and inflammation. Its structure is often incorporated into compounds designed to modulate enzyme activity or receptor binding, making it valuable in the creation of potential therapeutic agents. Additionally, it is used in organic chemistry as a chiral building block for constructing complex molecules with specific stereochemical properties, aiding in the development of enantiomerically pure drugs.