This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals. Its structure is particularly valuable in the development of compounds with potential therapeutic effects, such as those targeting neurological disorders. Additionally, it is employed in the creation of ligands for catalysis, aiding in the acceleration of chemical reactions in industrial processes. Its versatility also extends to research applications, where it is used to study reaction mechanisms and develop new synthetic methodologies.