This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of chiral molecules. It serves as a key intermediate in the production of various bioactive compounds, especially those targeting neurological and psychiatric disorders. Its chiral nature makes it valuable in the creation of enantiomerically pure drugs, which are crucial for ensuring efficacy and reducing side effects. Additionally, it is employed in the study of receptor-binding activities and the development of novel therapeutic agents. Its structural features also make it a candidate for exploring new drug delivery systems and optimizing pharmacokinetic properties.