Used in organic synthesis as a key intermediate for the production of various pharmaceuticals and agrochemicals. It serves as a building block in the development of compounds with potential therapeutic properties, such as antimicrobial and anti-inflammatory agents. Additionally, it is utilized in the synthesis of chiral ligands and catalysts, which are essential in asymmetric synthesis for producing enantiomerically pure substances. Its role in the creation of complex molecules makes it valuable in research and industrial applications.