This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various bioactive molecules, particularly those targeting neurological and cardiovascular disorders. Its structural features make it valuable in the development of receptor modulators and enzyme inhibitors, which are crucial for drug discovery. Researchers often employ it in the preparation of chiral compounds due to its stereochemistry, enhancing the specificity and efficacy of potential therapeutic agents. Additionally, it is used in preclinical studies to evaluate pharmacokinetic properties and optimize drug candidates for further development.