This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various bioactive molecules, particularly those targeting neurological and cardiovascular disorders. Its structural features make it valuable for designing drugs that interact with specific receptors or enzymes in the body. Additionally, it is employed in the production of chiral compounds, where its enantiomeric purity is crucial for ensuring the efficacy and safety of the final pharmaceutical product. Researchers also explore its potential in creating novel therapeutic agents due to its unique chemical properties.