This compound is primarily utilized in pharmaceutical research and development as an intermediate in the synthesis of biologically active molecules. It is particularly valuable in the creation of compounds targeting central nervous system disorders due to its structural features, which can interact with specific receptors or enzymes. Additionally, it serves as a key building block in the preparation of potential therapeutic agents for conditions like inflammation, pain, or neurodegenerative diseases. Its tert-butyl ester group enhances stability and solubility, making it suitable for various chemical transformations in drug discovery processes.