This compound is primarily utilized in the synthesis of complex organic molecules, particularly in the pharmaceutical industry. It serves as a key intermediate in the production of various alkaloids and other bioactive compounds. Its structure is valuable in creating molecules with potential therapeutic effects, such as those targeting the central nervous system. Additionally, it is employed in research and development for designing new drugs with specific biological activities. Its stereochemistry also makes it useful in asymmetric synthesis, aiding in the creation of enantiomerically pure substances.