This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its structural framework is particularly valuable in the development of compounds targeting neurological disorders, such as depression, anxiety, and other central nervous system (CNS) conditions. Additionally, it serves as a building block for the creation of chiral molecules, which are essential in the production of enantiomerically pure drugs, enhancing their efficacy and reducing side effects. Its application also extends to research in organic synthesis, where it is employed to explore novel chemical reactions and pathways.