This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly significant in the development of drugs targeting the central nervous system, where its structural properties contribute to the modulation of specific receptors or enzymes. Additionally, it finds application in the preparation of chiral compounds, leveraging its stereochemistry to produce enantiomerically pure substances. Its use is also noted in research settings for studying biochemical pathways and designing novel therapeutic agents with improved efficacy and reduced side effects.