Widely used in the synthesis of pharmaceutical compounds, particularly in the development of drugs targeting the central nervous system. It serves as a key intermediate in the production of neuroprotective agents and treatments for neurodegenerative diseases. Additionally, it is utilized in the creation of chiral building blocks for asymmetric synthesis, enhancing the efficiency of producing enantiomerically pure substances. Its structural properties make it valuable in medicinal chemistry for designing molecules with improved bioavailability and therapeutic efficacy.