This compound is primarily utilized in the field of organic synthesis, particularly in the development of pharmaceuticals. It serves as a key intermediate in the production of various bioactive molecules, including those with potential therapeutic applications. Its structure is often exploited in the synthesis of complex alkaloids and other nitrogen-containing heterocycles, which are crucial in drug discovery. Additionally, it can be used in the preparation of chiral compounds, aiding in the study of stereochemistry and the development of enantioselective drugs. Its stability and reactivity make it a valuable building block in medicinal chemistry research.