Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of compounds with central nervous system activity. It serves as a building block for creating bioactive molecules due to the presence of the dioxane ring, which can enhance metabolic stability and binding affinity. Commonly employed in medicinal chemistry for constructing novel drug candidates targeting neurological disorders and inflammatory conditions. Also utilized in the preparation of selective receptor modulators, including serotonin and dopamine receptor ligands. Its ester functionality allows for easy modification, enabling further chemical transformations in multi-step organic syntheses.