This chemical 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 allows for the creation of enantiomerically pure compounds, which are often crucial for enhancing drug efficacy and reducing side effects. Additionally, it finds application in organic synthesis, where it serves as a building block for complex molecules in research and development processes.