This compound is primarily utilized in the pharmaceutical industry as a chiral building block for the synthesis of various active pharmaceutical ingredients (APIs). Its stereochemistry makes it valuable in the production of enantiomerically pure drugs, which can enhance efficacy and reduce side effects. It is often employed in the development of central nervous system (CNS) drugs, including antidepressants and anxiolytics, due to its structural similarity to biologically active amines. Additionally, it serves as an intermediate in organic synthesis, particularly in the creation of complex molecules with specific stereochemical requirements. Its application extends to research settings, where it is used to study receptor interactions and develop new therapeutic agents.