Used in organic synthesis as an intermediate for pharmaceuticals, particularly in the development of central nervous system agents and alkaloid-based drugs. Its structure supports the creation of bioactive molecules with potential applications in treating neurological disorders. Also employed in research settings to design compounds targeting dopamine and serotonin receptors. Shows utility in the preparation of chiral catalysts and ligands for asymmetric synthesis. Investigated for antimicrobial and antitumor activity in medicinal chemistry studies.