This compound is primarily utilized in the pharmaceutical and chemical research sectors as a key intermediate in the synthesis of more complex molecules. It is often employed in the development of active pharmaceutical ingredients (APIs), particularly those targeting neurological and psychiatric disorders. Its structure is valuable in creating chiral compounds, which are crucial for drugs requiring high enantiomeric purity. Additionally, it serves as a building block in organic synthesis, aiding in the construction of heterocyclic frameworks that are prevalent in medicinal chemistry. Researchers also use it in studies related to drug discovery and optimization, leveraging its unique chemical properties to explore new therapeutic pathways.