This compound is primarily utilized in the synthesis of complex organic molecules, particularly in pharmaceutical research. It serves as a key intermediate in the development of biologically active compounds, including potential drugs targeting neurological disorders. Its structural framework is valuable for constructing chiral molecules, which are crucial for creating enantiomerically pure substances with specific therapeutic effects. Additionally, it is employed in asymmetric synthesis to produce intermediates for natural product synthesis, contributing to advancements in medicinal chemistry and drug discovery.