This compound is primarily utilized in the pharmaceutical industry as a chiral building block for the synthesis of various drugs. Its structure, featuring both amino and hydroxyl groups, makes it a valuable intermediate in the production of active pharmaceutical ingredients (APIs) with specific stereochemical requirements. It is particularly significant in the development of medications targeting the central nervous system, where chirality plays a crucial role in efficacy and safety. Additionally, it finds use in the preparation of ligands for asymmetric catalysis, aiding in the creation of enantiomerically pure compounds in organic synthesis. Its diphenyl moiety also contributes to its application in the design of molecules with enhanced binding affinity to biological targets.