This chemical is primarily utilized in organic synthesis as a versatile intermediate for the development of complex molecules. It is particularly valuable in the pharmaceutical industry, where it serves as a building block for the synthesis of various bioactive compounds, including potential drug candidates. Its structure allows for further functionalization, making it useful in the preparation of pyrrolidine derivatives, which are often explored for their medicinal properties. Additionally, it finds application in research settings for studying reaction mechanisms and developing new synthetic methodologies. Its role in facilitating the creation of diverse chemical entities underscores its importance in both industrial and academic chemistry.