This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of drugs targeting central nervous system disorders, including antidepressants and anxiolytics. Its chiral structure makes it valuable in the production of enantiomerically pure compounds, which are essential for enhancing drug efficacy and reducing side effects. Additionally, it is employed in research settings to study receptor interactions and develop novel therapeutic agents.