Used primarily as a synthetic intermediate in organic chemistry, this compound serves in the preparation of pharmaceuticals and biologically active molecules. Its structure allows for functionalization in drug discovery research, particularly in the development of central nervous system agents. It is also employed in the synthesis of pyrrolidine-based derivatives that exhibit potential in medicinal chemistry due to their prevalence in bioactive compounds. Additionally, it may act as a building block in the creation of novel benzylamine analogs for pharmacological screening.