This chemical is primarily utilized in the synthesis of chiral compounds, particularly in the pharmaceutical industry. It serves as a key intermediate in the production of various drugs, including those targeting neurological and cardiovascular disorders. Its chiral nature allows for the creation of enantiomerically pure substances, which are crucial for enhancing drug efficacy and reducing side effects. Additionally, it is employed in the development of ligands for asymmetric catalysis, aiding in the production of complex organic molecules with high stereoselectivity. Its application extends to research settings, where it is used to study enzyme interactions and receptor binding mechanisms due to its structural similarity to certain neurotransmitters.