Used primarily in organic synthesis, this compound serves as a versatile intermediate in the production of various pharmaceuticals. It is particularly valuable in the development of active pharmaceutical ingredients (APIs) for treating neurological disorders, as its structure can be modified to enhance drug efficacy and selectivity. Additionally, it is employed in the synthesis of chiral ligands and catalysts, which are crucial in asymmetric synthesis to produce enantiomerically pure compounds. Its applications also extend to agrochemical research, where it aids in the creation of novel pesticides and herbicides with improved activity profiles.