This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals. Its structure, featuring both benzyl and dicarboxylic acid groups, makes it a versatile building block for constructing more complex molecules. It is often employed in the development of drugs targeting the central nervous system, particularly in the synthesis of compounds with potential neuroprotective or cognitive-enhancing properties. Additionally, it finds use in research settings for studying receptor interactions and designing novel therapeutic agents. Its ability to act as a chiral scaffold also makes it valuable in asymmetric synthesis, contributing to the creation of enantiomerically pure substances.