This chemical is primarily utilized in the synthesis of various pharmaceutical compounds. It serves as a key intermediate in the production of drugs targeting the central nervous system, particularly those designed to treat neurological disorders. Additionally, it is employed in the development of specialty chemicals used in research and industrial applications, where its unique structure contributes to the creation of complex molecules. Its role in organic synthesis also extends to the preparation of chiral compounds, which are essential in the production of enantiomerically pure substances for medicinal and chemical industries.