Used in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. It is particularly valuable in the development of drugs targeting neurological disorders, such as Parkinson's disease and depression, due to its structural compatibility with neurotransmitter systems. Additionally, it is employed in the creation of chiral catalysts for asymmetric synthesis, enhancing the efficiency and selectivity of chemical reactions. Its application extends to the study of enzyme inhibition, aiding in the discovery of new therapeutic agents.