This chemical is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various bioactive compounds. It plays a significant role in the development of drugs targeting neurological disorders, particularly those involving dopamine receptors. Its structural properties make it valuable in creating chiral molecules, which are essential for producing enantiomerically pure pharmaceuticals. Additionally, it is employed in organic synthesis to construct complex heterocyclic frameworks, which are often found in compounds with therapeutic potential. Its applications extend to research and development, where it is used to explore new chemical entities for potential medicinal use.