Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. It is particularly valuable in the development of chiral compounds, where its stereochemistry plays a crucial role in enhancing drug efficacy and selectivity. Its application extends to the study of serotonin receptors, aiding in the creation of potential therapeutic agents for neurological and psychiatric disorders. Additionally, it is utilized in the preparation of compounds with potential anti-inflammatory and analgesic properties, contributing to advancements in pain management therapies.