This compound is primarily utilized in the field of pharmaceutical research and development, particularly in the synthesis of complex organic molecules. It serves as a key intermediate in the preparation of biologically active compounds, including potential drug candidates. Its structure is valuable in the design of molecules that target specific enzymes or receptors, aiding in the discovery of new therapeutic agents. Additionally, it is employed in the study of stereochemistry and asymmetric synthesis, where its chiral center plays a crucial role in understanding and controlling the spatial arrangement of atoms in chemical reactions. Its applications extend to the development of novel compounds for treating various diseases, including neurological disorders and cancer.