Used in organic synthesis as a chiral building block for pharmaceuticals, particularly in the development of central nervous system agents. Serves as an intermediate in the preparation of selective receptor agonists and antagonists, especially targeting serotonin and dopamine receptors. Its structure supports the creation of bioactive molecules with high stereoselectivity, making it valuable in medicinal chemistry for drug discovery and development. Also employed in the synthesis of novel psychoactive substances for research purposes, aiding in the study of neurochemical pathways and behavioral pharmacology.