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 antipsychotics. Its specific structure allows it to act as a chiral building block, enabling the production of enantiomerically pure compounds, which are often essential for achieving desired therapeutic effects. Additionally, it is employed in research settings to study receptor interactions and develop new therapeutic agents with improved efficacy and reduced side effects.