Used in pharmaceutical research, it serves as a key intermediate in the synthesis of various bioactive compounds. Its structure is valuable in developing drugs targeting neurological disorders, particularly those involving the central nervous system. It is also utilized in the preparation of chiral catalysts and ligands for asymmetric synthesis, aiding in the production of enantiomerically pure substances. Additionally, it finds application in organic chemistry as a building block for complex molecules, contributing to advancements in medicinal chemistry and drug discovery.