Used primarily in the pharmaceutical industry, it serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its structure is particularly valuable in the development of compounds targeting the central nervous system, such as antidepressants and antipsychotics. The chiral nature of the molecule makes it useful in creating enantiomerically pure drugs, enhancing efficacy and reducing side effects. Additionally, it is employed in research settings to study receptor interactions and develop new therapeutic agents for neurological disorders.