This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various therapeutic agents. Its structure is particularly valuable in the development of drugs targeting neurological disorders, such as Alzheimer's disease, due to its ability to interact with specific enzymes and receptors in the brain. Additionally, it is employed in the production of chiral compounds, where its stereochemistry plays a crucial role in ensuring the desired biological activity of the final product. Researchers also explore its potential in creating anti-inflammatory and analgesic medications, leveraging its unique chemical framework to enhance efficacy and reduce side effects.