Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting central nervous system disorders. Its structure allows for functionalization that enhances binding to specific receptors, making it valuable in creating bioactive molecules. Also employed in the preparation of chiral ligands for asymmetric catalysis, supporting the production of enantiomerically pure compounds. Additionally, it finds use in agrochemical research for designing novel pesticides with improved selectivity and environmental profiles.