Used primarily in the pharmaceutical industry as a chiral building block for the synthesis of various active pharmaceutical ingredients (APIs). Its structure is valuable in the development of drugs targeting central nervous system disorders, including antidepressants and antipsychotics. The compound's chiral nature allows for the creation of enantiomerically pure substances, enhancing the efficacy and reducing side effects of the final drug product. Additionally, it serves as an intermediate in organic synthesis, particularly in the preparation of complex molecules with specific biological activities.