Used primarily in the pharmaceutical industry, this compound acts as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the development of drugs targeting the central nervous system, where its structural properties contribute to the modulation of neurotransmitter activity. Additionally, it is employed in research settings for studying receptor interactions and developing potential treatments for neurological disorders. Its application extends to the production of chiral compounds, leveraging its stereochemistry to achieve high selectivity in drug formulations.