This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting enzyme inhibition. Its structure is often explored for designing drugs that interact with specific proteins or enzymes involved in disease pathways. Additionally, it is studied for its potential application in creating chiral compounds, which are crucial in developing medications with high specificity and reduced side effects. Researchers also investigate its role in organic synthesis, where it contributes to the construction of complex molecular frameworks for therapeutic agents.