This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various therapeutic agents. Its structure is particularly valuable in the development of drugs targeting cardiovascular diseases and central nervous system disorders. The chiral centers in the molecule make it a crucial component for producing enantiomerically pure compounds, which are essential for ensuring the efficacy and safety of medications. Additionally, it is employed in research settings to study enzyme interactions and receptor binding activities, aiding in the discovery of new drug candidates. Its application extends to the development of bioactive molecules that exhibit potential anti-inflammatory and antioxidant properties, contributing to advancements in treating chronic diseases.