This compound is primarily utilized in the synthesis of complex organic molecules, particularly in the pharmaceutical industry. It serves as a key intermediate in the production of various bioactive compounds, including potential drug candidates. Its structure is valuable in constructing heterocyclic frameworks, which are often found in molecules with therapeutic properties. Additionally, it is employed in research and development for creating novel chemical entities with potential applications in medicinal chemistry. Its stereochemistry and functional groups make it a versatile building block for designing molecules with specific biological activities.