Used in the synthesis of pharmaceutical compounds, particularly in the development of drugs targeting neurological disorders. It serves as a key intermediate in the production of inhibitors for enzymes like gamma-secretase, which is implicated in Alzheimer's disease. Additionally, it is utilized in the creation of chiral building blocks for asymmetric synthesis, enabling the production of enantiomerically pure substances. Its structural properties make it valuable in medicinal chemistry for designing molecules with enhanced bioavailability and therapeutic efficacy.