This compound is primarily utilized in pharmaceutical research and development, particularly as an intermediate in the synthesis of more complex molecules. Its structure makes it valuable for constructing isoindoline-based frameworks, which are often found in bioactive compounds. Researchers leverage it to develop potential drug candidates targeting neurological disorders, cardiovascular diseases, or cancer. Additionally, it may be used in the preparation of chiral catalysts or ligands for asymmetric synthesis, aiding in the production of enantiomerically pure substances. Its oxalate salt form enhances stability and solubility, facilitating its use in various experimental protocols.