This compound is primarily utilized in pharmaceutical research as an intermediate in the synthesis of more complex molecules, particularly those targeting neurological and cardiovascular diseases. Its structure is valuable for developing drugs that modulate specific receptors or enzymes in the body. Additionally, it is employed in the study of chiral chemistry due to its stereospecific properties, aiding in the creation of enantiomerically pure substances. Researchers also explore its potential in designing novel therapeutic agents with improved efficacy and reduced side effects.