This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of drugs targeting neurological and cardiovascular disorders. Its structural features make it valuable in creating chiral molecules, which are essential for producing enantiomerically pure medications with enhanced efficacy and reduced side effects. Additionally, it is used in research settings for exploring novel therapeutic agents and studying pharmacological mechanisms. Its application extends to the optimization of drug delivery systems, contributing to improved bioavailability and stability of pharmaceutical formulations.