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 development of drugs targeting central nervous system (CNS) disorders, including antidepressants and antipsychotics. Its chiral structure is particularly valuable in creating enantiomerically pure compounds, which are essential for enhancing drug efficacy and reducing side effects. Additionally, it is employed in research settings for studying receptor interactions and developing novel therapeutic agents. Its unique chemical properties make it a versatile building block in medicinal chemistry.