This compound is primarily utilized in the field of biochemistry and pharmacology for research purposes. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurotransmitter systems. Its structure is of interest in the study of enzyme interactions and receptor binding, making it valuable for developing compounds that modulate neurological pathways. Additionally, it is explored in the design of potential therapeutic agents for conditions related to mood disorders and cognitive functions. Its applications also extend to organic synthesis, where it is used to create complex molecules with specific chiral properties.