This chemical is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a significant role in the production of drugs targeting neurological and cardiovascular disorders due to its structural properties, which allow it to interact effectively with biological systems. Additionally, it is employed in the development of chiral compounds, where its stereochemistry is crucial for enhancing the efficacy and specificity of therapeutic agents. Its use in research and development also extends to the creation of novel compounds with potential antimicrobial and anti-inflammatory properties.