This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various bioactive molecules. Its structure is particularly valuable in the development of drugs targeting central nervous system disorders, including anticonvulsants and neuroprotective agents. Additionally, it serves as a precursor in the production of chiral compounds, which are essential for creating enantiomerically pure pharmaceuticals. Its dihydroxy and pyrrolidinedione functional groups also make it suitable for use in organic synthesis, particularly in asymmetric catalysis and the construction of complex molecular frameworks.