This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals. Its structure is particularly valuable in the development of compounds with potential therapeutic effects, such as those targeting neurological disorders. Additionally, it is employed in the synthesis of chiral molecules, which are crucial for creating enantiomerically pure drugs. The compound's role in facilitating the construction of complex molecular frameworks makes it a significant asset in medicinal chemistry research.