This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of biologically active molecules. It serves as a key intermediate in the creation of compounds that target specific enzymes or receptors, often in the context of drug discovery for neurological or metabolic disorders. Its unique structure allows for the development of chiral molecules, which are crucial for achieving high selectivity and efficacy in therapeutic agents. Additionally, it is employed in organic synthesis to construct complex heterocyclic frameworks, which are common in many drugs and bioactive compounds.