This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of drugs targeting central nervous system disorders, particularly those involving serotonin and dopamine pathways. Its chiral nature makes it valuable in the production of enantiomerically pure compounds, which are essential for ensuring the efficacy and safety of therapeutic agents. Additionally, it is employed in research settings for the study of receptor binding and enzyme inhibition, aiding in the discovery of novel treatments for neurological and psychiatric conditions. Its applications also extend to the field of medicinal chemistry, where it is used to optimize drug candidates for improved pharmacokinetic and pharmacodynamic properties.