This compound is primarily utilized in pharmaceutical research due to its potential biological activity. It is often explored for its role as a chiral building block in the synthesis of more complex molecules, particularly those targeting neurological and cardiovascular diseases. Its structural framework is valuable in designing inhibitors for specific enzymes or receptors, making it a key intermediate in drug discovery. Additionally, it is studied for its potential antimicrobial and anti-inflammatory properties, contributing to the development of novel therapeutic agents. Researchers also investigate its use in asymmetric synthesis, leveraging its chiral center to produce enantiomerically pure compounds for advanced medicinal chemistry applications.