This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of drugs targeting neurological disorders, such as Parkinson's disease and other conditions involving dopamine regulation. Its structural properties make it suitable for designing molecules that interact with specific receptors in the central nervous system. Additionally, it is explored in the development of potential treatments for chronic pain and inflammatory conditions due to its ability to modulate certain biochemical pathways. Researchers also investigate its role in creating enantiomerically pure compounds, which are critical for achieving higher efficacy and reduced side effects in therapeutic applications.