Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its structure is particularly valuable in the development of drugs targeting the central nervous system, where it can help modulate neurotransmitter activity. Additionally, it finds application in the creation of chiral molecules, which are crucial for producing enantiomerically pure substances with specific therapeutic effects. Its role in medicinal chemistry is significant for designing compounds with improved efficacy and reduced side effects.