This chemical is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the preparation of various biologically active compounds, particularly those targeting neurological and psychiatric disorders. Its structure is often exploited in the development of inhibitors for enzymes or receptors involved in these conditions. Additionally, it is used in the synthesis of chiral molecules, where its stereochemistry plays a critical role in achieving the desired pharmacological activity. Researchers also employ it in the design of prodrugs, leveraging its stability and reactivity to improve drug delivery and efficacy.