This chemical is widely used in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the production of drugs targeting neurological disorders, such as Parkinson's disease and Alzheimer's disease, due to its structural compatibility with bioactive molecules. Additionally, it is utilized in the development of chiral compounds, where its stereochemistry is essential for creating enantiomerically pure substances. Its application extends to the field of organic synthesis, where it serves as a building block for complex molecules in medicinal chemistry and drug discovery.