Primarily utilized in the field of medicinal chemistry, this compound serves as a key intermediate in the synthesis of various pharmacologically active molecules. Its structure is particularly valuable in the development of ligands that target specific receptors in the central nervous system, aiding in the research and potential treatment of neurological disorders. Additionally, it is employed in the preparation of chiral catalysts, which are crucial for asymmetric synthesis in the production of enantiomerically pure compounds, enhancing the efficiency and selectivity of chemical reactions in drug manufacturing.