This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of chiral molecules. Its structure makes it a valuable intermediate in the creation of active pharmaceutical ingredients (APIs) that target neurological disorders, such as depression or anxiety, due to its potential interaction with neurotransmitter systems. Additionally, it is employed in the production of enantiomerically pure compounds, which are critical for ensuring the efficacy and safety of certain drugs. The compound's chiral nature also makes it useful in asymmetric synthesis, aiding in the development of more selective and potent therapeutic agents.