This compound is primarily utilized in the synthesis of complex organic molecules, particularly in pharmaceutical research. It serves as a key intermediate in the development of drugs targeting neurological disorders, due to its structural properties that can influence receptor binding. Additionally, it is employed in the preparation of chiral compounds, where its stereochemistry plays a crucial role in achieving desired enantiomeric purity. Its stability and reactivity make it suitable for use in multi-step synthetic processes, often in the construction of biologically active molecules.