This compound is primarily utilized in the field of medicinal chemistry and pharmacology due to its structural similarity to certain amino acids and neurotransmitters. It serves as a key intermediate in the synthesis of various pharmaceutical agents, particularly those targeting neurological and cardiovascular systems. Its application extends to the development of drugs that modulate dopamine and norepinephrine pathways, making it valuable in the treatment of conditions like Parkinson's disease, depression, and hypertension. Additionally, its chiral nature allows for the creation of enantiomerically pure compounds, enhancing the specificity and efficacy of therapeutic agents. Research also explores its potential in designing inhibitors for enzymes involved in neurodegenerative disorders.