This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various bioactive molecules, particularly those targeting neurological and psychiatric disorders. Its structural features make it valuable for designing drugs that interact with specific receptors in the brain, such as those involved in mood regulation and cognitive function. Additionally, it is employed in the preparation of chiral compounds, where its stereochemistry plays a crucial role in achieving the desired pharmacological activity. Researchers also use it in studying enzyme inhibition and as a building block for creating complex organic molecules with potential therapeutic applications.