This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various bioactive molecules. Its structural features make it valuable for developing drugs targeting central nervous system disorders, particularly those involving modulation of neurotransmitter activity. It is also explored in the creation of anti-inflammatory and analgesic agents due to its potential to interact with specific enzyme pathways. Additionally, its chiral center allows for the development of enantioselective compounds, enhancing the efficacy and specificity of therapeutic agents. Researchers also investigate its role in organic synthesis for constructing complex molecular architectures.