Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its structure is particularly valuable in the development of ligands for receptor studies, aiding in the exploration of neurological pathways. Additionally, it plays a role in the creation of chiral catalysts, which are essential for asymmetric synthesis in the production of enantiomerically pure drugs. The bromophenyl group enhances its reactivity, making it useful in cross-coupling reactions to build complex organic frameworks.