This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a significant role in the development of chiral drugs, particularly those targeting the central nervous system, due to its structural properties that influence stereochemistry. Additionally, it is employed in research settings for studying receptor interactions and developing new therapeutic agents with enhanced efficacy and reduced side effects. Its application extends to the production of compounds with potential analgesic or anti-inflammatory properties, making it valuable in drug discovery and development processes.