This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and cardiovascular systems. Its chiral structure makes it valuable in the production of enantiomerically pure drugs, ensuring higher efficacy and reduced side effects. Additionally, it is employed in the study of receptor-ligand interactions, aiding in the design of novel therapeutic agents. The compound’s naphthalene moiety contributes to its potential use in fluorescent labeling and imaging applications, particularly in cellular and molecular biology studies.