This compound 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 production of chiral drugs, particularly those targeting neurological and cardiovascular disorders. Its structure, featuring a chiral center and a chlorophenyl group, makes it valuable for creating enantiomerically pure compounds, which are essential for ensuring the efficacy and safety of medications. Additionally, it is employed in research and development for designing and testing new therapeutic agents, especially in the field of receptor-specific drug discovery.