This compound is primarily used in the pharmaceutical industry as a chiral building block in the synthesis of various active pharmaceutical ingredients (APIs). Its enantiomeric purity makes it valuable in producing drugs that require specific stereochemistry for efficacy, particularly in central nervous system (CNS) medications. It is also employed in research and development for studying receptor interactions and pharmacological activities due to its structural similarity to certain neurotransmitters. Additionally, it serves as a precursor in the preparation of compounds with potential therapeutic effects, such as stimulants or appetite suppressants. Its applications extend to asymmetric synthesis, where it acts as a chiral auxiliary or resolving agent in organic chemistry.