Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the production of chiral molecules, where its stereochemistry plays a crucial role in creating enantiomerically pure drugs. Its application extends to the development of potential therapeutic agents targeting neurological disorders, due to its structural similarity to certain neurotransmitters. Additionally, it is utilized in organic synthesis for constructing complex molecular frameworks, often in the preparation of ligands or catalysts for asymmetric reactions.