This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various bioactive molecules. Its stereochemistry makes it valuable for producing chiral drugs, particularly those targeting the central nervous system. It is often employed in the development of medications for neurological disorders, such as Alzheimer's disease and Parkinson's disease, due to its ability to interact with specific receptors in the brain. Additionally, it serves as a building block in the creation of alkaloid-based compounds, which are explored for their potential therapeutic effects. Its application extends to research laboratories, where it is used to study chemical reactions and develop novel drug candidates.