This compound is primarily utilized in the synthesis of pharmaceutical agents, particularly those targeting neurological disorders. It serves as a key intermediate in the production of drugs designed to modulate neurotransmitter activity, such as those used in the treatment of Parkinson's disease and other neurodegenerative conditions. Additionally, it is employed in the development of chiral compounds, where its stereochemistry plays a crucial role in enhancing the efficacy and specificity of therapeutic molecules. Its application extends to research settings, where it is used to study enzyme interactions and receptor binding mechanisms, aiding in the discovery of new medicinal compounds.