Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system agents and receptor modulators. Its structure supports the creation of bioactive molecules with potential activity in neurological and psychiatric disorders. Commonly employed in medicinal chemistry for building blocks in drug design due to the presence of both phenyl and pyridyl groups, which enhance binding affinity and selectivity. Also utilized in the preparation of chiral catalysts and ligands for asymmetric synthesis.