This compound is widely used in the pharmaceutical industry as a chiral building block for the synthesis of various active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of drugs targeting the central nervous system, particularly those used in the treatment of neurological disorders such as depression, anxiety, and Parkinson's disease. Its chiral nature allows for the creation of enantiomerically pure compounds, which are essential for ensuring the efficacy and safety of the final drug product. Additionally, it is utilized in research and development for the design of novel therapeutic agents, particularly in the field of medicinal chemistry where precise stereochemistry is crucial for biological activity.