Used primarily in the pharmaceutical industry, it serves as a key intermediate in the synthesis of various drugs, particularly those targeting the central nervous system. Its chiral structure makes it valuable in producing enantiomerically pure compounds, which are crucial for developing medications with higher efficacy and fewer side effects. Additionally, it is employed in the creation of agrochemicals, contributing to the development of pesticides and herbicides with improved selectivity and environmental safety. Its role in organic synthesis also extends to the production of specialty chemicals used in research and industrial applications.