Used primarily 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, particularly as a precursor in the production of selective serotonin reuptake inhibitors (SSRIs) and other antidepressants. Its chiral structure is essential for ensuring the efficacy and specificity of the final drug compounds. Additionally, it is utilized in research settings for studying receptor interactions and developing new therapeutic agents with improved pharmacological profiles.