This compound is primarily utilized in the synthesis of pharmaceutical intermediates, particularly in the development of drugs targeting central nervous system disorders. Its chiral structure makes it valuable for producing enantiomerically pure substances, which are crucial for the efficacy and safety of medications. Additionally, it serves as a key building block in the preparation of beta-blockers and antidepressants, contributing to improved therapeutic outcomes. Its application extends to research settings, where it is used to study metabolic pathways and enzyme interactions related to neurological conditions.