This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the development of drugs targeting central nervous system disorders, including antidepressants and antipsychotics. Its chiral nature allows for the creation of enantiomerically pure compounds, enhancing the efficacy and reducing potential side effects of the final drug product. Additionally, it finds application in agrochemical research for the development of novel pesticides and herbicides, where its structural framework contributes to the biological activity of the compounds. Its versatility and reactivity make it a crucial building block in organic synthesis for both medicinal and agricultural chemistry.