This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the development of drugs targeting central nervous system disorders, including antidepressants and antipsychotics. Its chiral structure makes it essential for producing enantiomerically pure compounds, which are crucial for ensuring the efficacy and safety of the final drug products. Additionally, it is employed in research and development for exploring new therapeutic agents, thanks to its unique chemical properties that enhance binding affinity and selectivity to specific biological targets.