Used primarily in the pharmaceutical industry, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the production of chiral drugs, where its stereochemistry plays a crucial role in enhancing the efficacy and reducing side effects of the final product. Additionally, it finds application in the development of central nervous system (CNS) drugs, aiding in the treatment of neurological disorders. Its structural properties also make it a candidate for research in medicinal chemistry, particularly in the design of novel therapeutic agents targeting specific biological pathways.