This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various therapeutic agents. Its structural features make it valuable in the development of drugs targeting neurological disorders, particularly those involving enzyme modulation. It is also employed in the production of chiral molecules, where its stereochemistry plays a crucial role in ensuring the efficacy and specificity of the final drug product. Additionally, it finds application in research settings for studying biochemical pathways and designing novel compounds with potential medicinal properties.