This compound is primarily utilized in the synthesis of various pharmaceutical intermediates, particularly in the development of drugs targeting neurological and cardiovascular conditions. Its structure is key in creating complex molecules that exhibit therapeutic properties, such as anti-inflammatory and antioxidant effects. Additionally, it serves as a building block in organic chemistry for constructing chiral molecules, which are essential in the production of enantiomerically pure drugs. Its application also extends to the field of agrochemicals, where it contributes to the development of novel pesticides and herbicides.