This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of biologically active molecules. It serves as a key intermediate in the creation of compounds targeting neurological disorders, such as Alzheimer's disease and other cognitive impairments. Its structure is valuable for designing inhibitors of specific enzymes or receptors involved in neurodegenerative pathways. Additionally, it is explored in the development of chiral drugs, leveraging its stereochemistry to enhance drug efficacy and reduce side effects. Researchers also investigate its potential in treating mood disorders and anxiety due to its interaction with neurotransmitter systems.