Used in the synthesis of pharmaceutical compounds, particularly in the development of drugs targeting neurological disorders. It serves as a key intermediate in the production of inhibitors for enzymes like gamma-secretase, which is involved in Alzheimer's disease research. Additionally, it is utilized in the creation of chiral building blocks for asymmetric synthesis, contributing to the development of enantiomerically pure therapeutic agents. Its role in organic synthesis extends to the preparation of complex molecules with potential applications in medicinal chemistry.