This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of biologically active molecules. Its structure is particularly valuable in the development of pharmaceutical agents targeting neurological disorders, as it can act as a precursor for compounds that interact with specific receptors in the brain. Additionally, it is employed in asymmetric synthesis, where its chiral center enables the production of enantiomerically pure substances, crucial for drug efficacy and safety. Researchers also explore its potential in creating novel ligands for catalysis, which can enhance the efficiency of chemical reactions in industrial processes.