Used primarily as an intermediate in organic synthesis, this compound plays a key role in the preparation of pharmaceuticals and biologically active molecules. Its structure supports the development of chiral agents, making it valuable in the synthesis of enantiomerically pure drugs. It is also employed in the production of agrochemicals and specialty amines due to its stability and reactivity in various coupling and reduction reactions. Additionally, it serves as a building block in research settings for developing novel amine-containing compounds with potential therapeutic effects.