This compound is primarily utilized in the synthesis of chiral intermediates for pharmaceuticals, particularly in the development of drugs targeting central nervous system disorders. Its structure, featuring a naphthalene ring and an amino alcohol moiety, makes it valuable in asymmetric synthesis, enabling the production of enantiomerically pure compounds. It is also employed in the preparation of ligands for catalysis, enhancing the efficiency of chemical reactions in organic synthesis. Additionally, it finds use in research settings for studying enzyme inhibition and receptor binding due to its unique stereochemical properties.