Primarily used in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of biologically active molecules. It is particularly valuable in the production of drugs targeting neurological disorders, such as Alzheimer's disease and other cognitive impairments. Its structural properties make it suitable for creating compounds that interact with specific receptors in the brain, enhancing therapeutic efficacy. Additionally, it is employed in the development of chiral compounds, leveraging its stereochemistry to achieve high selectivity in drug design. Researchers also utilize it in preclinical studies to explore its potential in treating various psychiatric and neurodegenerative conditions.