This compound is primarily utilized in the synthesis of various pharmaceutical agents, particularly those targeting neurological and cardiovascular disorders. Its structural features make it a valuable intermediate in the development of drugs that modulate enzyme activity or receptor function. Additionally, it is employed in organic chemistry research for the preparation of morpholine derivatives, which are often explored for their biological activity. The compound's ester group allows for further chemical modifications, enabling the creation of diverse molecules with potential therapeutic applications. Its role in drug discovery and development underscores its importance in medicinal chemistry.