Used in the synthesis of pharmaceutical intermediates, particularly in the development of central nervous system agents. Its structure supports the creation of compounds with potential antidepressant and anxiolytic activity. Commonly employed in medicinal chemistry for building chiral amine scaffolds in drug discovery programs. Also utilized in the preparation of selective serotonin reuptake inhibitors (SSRIs) due to its functionalized indane backbone. Serves as a key chiral building block in asymmetric synthesis for bioactive molecules.