This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various bioactive molecules, particularly those targeting neurological and psychiatric disorders. Its structural features make it suitable for developing compounds that interact with specific receptors in the brain, such as serotonin or dopamine receptors. Researchers often employ it in the design and optimization of drugs aimed at treating conditions like depression, anxiety, and schizophrenia. Additionally, its chiral nature allows for the exploration of enantioselective interactions, which is crucial for enhancing drug efficacy and reducing side effects.