This chemical is primarily utilized in organic synthesis as a versatile intermediate. It plays a significant role in the production of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) for various therapeutic applications. Its structure is valuable in constructing complex molecules, often serving as a precursor in the synthesis of pyrrolidine derivatives, which are commonly found in drugs targeting neurological and cardiovascular conditions. Additionally, it is employed in research settings for the development of novel compounds with potential biological activity, making it a key component in medicinal chemistry and drug discovery processes.