This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of drugs targeting central nervous system disorders, such as antipsychotics and antidepressants. The chiral center and functional groups in the molecule make it a versatile building block for creating enantiomerically pure compounds, which are crucial for ensuring the efficacy and safety of therapeutic agents. Additionally, it is employed in research settings to explore new chemical entities with potential pharmacological activities, contributing to the discovery of novel treatments for complex diseases.