This compound is primarily used in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting the central nervous system. Its structure is valuable for creating chiral compounds, which are essential in the development of enantiomerically pure drugs. Additionally, it is employed in the preparation of peptidomimetics, which mimic the structure and function of peptides, aiding in the design of novel therapeutic agents. Its role in organic synthesis also extends to the production of complex heterocyclic compounds, which are often explored for their potential medicinal properties.