This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of drugs targeting specific medical conditions, particularly those involving the central nervous system. Its structural properties make it valuable in creating enantiomerically pure compounds, which are essential for producing medications with higher efficacy and fewer side effects. Additionally, it is employed in research settings to study biochemical pathways and receptor interactions, aiding in the discovery of new therapeutic agents.