This compound is primarily used in the synthesis of pharmaceuticals, particularly in the production of active pharmaceutical ingredients (APIs) that target neurological and cardiovascular systems. Its structure makes it a valuable intermediate in the creation of drugs that modulate neurotransmitter activity, such as those used to treat conditions like Parkinson's disease or hypertension. Additionally, it plays a role in the development of chiral compounds, where its stereochemistry is crucial for ensuring the efficacy and specificity of the resulting drug molecules. In research, it is employed in studies focusing on the optimization of drug delivery systems and the enhancement of bioavailability.