Used in the synthesis of pharmaceutical compounds, particularly as an intermediate in the production of active pharmaceutical ingredients (APIs). It plays a role in the development of drugs targeting central nervous system disorders, such as depression and anxiety, due to its structural similarity to biologically active molecules. Additionally, it is utilized in research for creating novel therapeutic agents with potential anti-inflammatory or analgesic properties. Its enantiomeric purity makes it valuable in asymmetric synthesis for producing optically active compounds.