This compound is primarily utilized in organic synthesis as an intermediate in the production of more complex molecules, particularly in the pharmaceutical industry. Its structure makes it a valuable building block for the development of drugs, especially those targeting the central nervous system. It is also employed in the synthesis of bioactive compounds and agrochemicals due to its ability to introduce specific functional groups into target molecules. Additionally, it can serve as a precursor in the creation of chiral ligands and catalysts used in asymmetric synthesis, enhancing the efficiency and selectivity of chemical reactions.