Used primarily in pharmaceutical research, this compound serves 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, such as antidepressants and anxiolytics. Its chiral structure makes it suitable for creating enantiomerically pure compounds, which are crucial for enhancing drug efficacy and reducing side effects. Additionally, it is employed in preclinical studies to explore its potential therapeutic effects and mechanisms of action. The compound’s stability and solubility in aqueous solutions facilitate its use in formulation development and pharmacokinetic studies.