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 the central nervous system, particularly those used in the treatment of psychiatric disorders such as depression and anxiety. Its structural properties, including its chirality, make it a valuable building block for creating enantiomerically pure compounds, which are essential for ensuring the efficacy and safety of therapeutic agents. Additionally, it is employed in research settings to study receptor interactions and pharmacological mechanisms, aiding in the discovery of new treatments for neurological conditions.