Used primarily in pharmaceutical research, this compound serves as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the development of drugs targeting the central nervous system, where its structural properties can be leveraged to create compounds with potential therapeutic effects. Additionally, it finds application in the preparation of chiral molecules, aiding in the production of enantiomerically pure substances, which are crucial for the efficacy and safety of many medications. Its role in organic synthesis also extends to the creation of complex organic molecules for further chemical studies and drug discovery processes.