This compound is primarily utilized in the synthesis of pharmaceutical intermediates, particularly in the development of active pharmaceutical ingredients (APIs). It serves as a key building block in the preparation of various biologically active molecules, including those with potential therapeutic applications in neurological and psychiatric disorders. Its structural features make it valuable for constructing complex organic molecules, often employed in drug discovery and medicinal chemistry research. Additionally, it is used in the production of ligands and catalysts for asymmetric synthesis, aiding in the creation of enantiomerically pure compounds.