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 is particularly valuable in the development of compounds with potential therapeutic effects, such as those targeting neurological disorders. The presence of both benzyl and ester functional groups allows for further chemical modifications, making it versatile in drug discovery processes. Additionally, it has been explored in the synthesis of alkaloid-like molecules, which are of significant interest due to their biological activities. Researchers also leverage its chiral centers in asymmetric synthesis to create enantiomerically pure substances, which are crucial in the development of more effective and safer medications.