This chemical is primarily utilized in the field of organic synthesis, particularly in the development of complex pharmaceutical compounds. It serves as a key intermediate in the synthesis of biologically active molecules, especially those targeting neurological and cardiovascular disorders. Its structure is valuable for constructing intricate ring systems found in many therapeutic agents. Researchers often employ it in peptide mimetics and drug discovery projects due to its ability to introduce specific stereochemistry and functional groups into target molecules. Additionally, it is used in the preparation of advanced intermediates for the synthesis of natural products and bioactive compounds with potential applications in medicinal chemistry.