This chemical is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of chiral compounds, particularly in the production of drugs targeting central nervous system disorders, such as antidepressants and antipsychotics. Its chiral nature allows for the creation of enantiomerically pure substances, which are essential for enhancing the efficacy and reducing the side effects of therapeutic agents. Additionally, it is employed in research and development for designing novel compounds with potential biological activities, contributing to advancements in medicinal chemistry.