This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its chiral structure makes it particularly valuable in the development of enantioselective drugs, where the specific stereochemistry can significantly influence the drug's efficacy and safety profile. It is often employed in the production of medications targeting central nervous system disorders, including antidepressants and antipsychotics, due to its ability to interact with neurotransmitter systems. Additionally, its halogenated aromatic ring contributes to its role in creating compounds with enhanced binding affinity and metabolic stability, making it a crucial building block in drug discovery and development processes.