This compound is primarily utilized in the pharmaceutical and research sectors. It serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs), particularly those targeting neurological and psychiatric disorders. Its chiral structure makes it valuable in the development of enantiomerically pure drugs, which often exhibit improved efficacy and reduced side effects. Additionally, it is employed in organic synthesis to create complex molecules for drug discovery and development. Its specific functional groups allow for further chemical modifications, making it a versatile building block in medicinal chemistry.