Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of nootropic and cognitive-enhancing agents. It plays a role in the production of racetam-class compounds, which are known for their neuroprotective and memory-improving properties. Also investigated for use in chiral synthesis due to its stereochemical stability and functional group compatibility. Additionally, it serves as a building block in the preparation of bioactive molecules and heterocyclic compounds in medicinal chemistry research.