This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its structure is particularly valuable in the development of drugs targeting neurological and cardiovascular disorders. The compound’s chiral center and functional groups make it a key building block for creating enantiomerically pure compounds, which are crucial for ensuring the efficacy and safety of therapeutic agents. Additionally, it is employed in research settings to study receptor interactions and develop novel treatments for conditions such as depression, anxiety, and hypertension. Its role in organic synthesis also extends to the preparation of complex molecules for medicinal chemistry studies.