Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of central nervous system (CNS) active compounds. Its structural features make it valuable in creating chiral building blocks for drug candidates targeting neurological disorders. The presence of both amino and hydroxyl functional groups allows for versatile chemical modifications, enabling the formation of amides, amines, and heterocyclic derivatives. It is also employed in the preparation of fluorinated analogs in medicinal chemistry to enhance metabolic stability and bioavailability.