This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of chiral compounds, where its stereochemistry plays a crucial role in achieving the desired pharmacological properties. It is often employed in the production of drugs targeting neurological disorders, cardiovascular diseases, and other therapeutic areas. Additionally, its application extends to organic synthesis, where it serves as a building block for constructing complex molecules with high precision and efficiency.