This chemical is primarily utilized in the synthesis of pharmaceutical compounds, particularly in the development of drugs targeting the central nervous system. It serves as a key intermediate in the production of certain antihistamines and anticholinergic agents, which are used to treat conditions like allergies, motion sickness, and gastrointestinal disorders. Additionally, it finds application in the preparation of ligands for metal coordination complexes, which are employed in catalysis and material science. Its unique structure also makes it a valuable building block in organic synthesis for creating more complex molecules with potential biological activity.