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 neurological and psychiatric disorders, particularly those involving modulation of neurotransmitter systems. Its structural properties make it valuable for creating enantiomerically pure compounds, which are essential for ensuring the efficacy and safety of therapeutic agents. Additionally, it is used in research settings to study receptor interactions and develop novel treatments for conditions such as depression, anxiety, and neurodegenerative diseases.