This compound is primarily utilized in organic synthesis and pharmaceutical research, particularly in the development of chiral molecules. Its structure makes it a valuable intermediate for constructing complex organic frameworks, especially in the synthesis of biologically active compounds. It is often employed in the preparation of pharmaceuticals targeting neurological disorders, as its tetrahydronaphthalene core is a common motif in drugs affecting the central nervous system. Additionally, its chiral nature allows for the creation of enantiomerically pure substances, which is crucial in drug development to ensure specificity and reduce side effects. Researchers also explore its potential in designing novel therapeutic agents due to its versatile reactivity and functional groups.