Widely used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of active pharmaceutical ingredients (APIs) that target neurological disorders. Its structural properties make it valuable in the development of compounds with potential therapeutic effects on the central nervous system. Additionally, it serves as a key building block in organic chemistry for constructing complex molecules, including heterocyclic compounds, which are essential in drug discovery and development. Its role in the preparation of chiral ligands and catalysts also contributes to its importance in asymmetric synthesis, enabling the production of enantiomerically pure substances used in various medicinal and industrial applications.