Used in pharmaceutical research as an intermediate in the synthesis of biologically active compounds, particularly those targeting central nervous system disorders. Its structure supports the development of chiral molecules with potential antipsychotic or antidepressant activity. The compound's ester and amine functionalities allow for further chemical modifications, making it valuable in medicinal chemistry for optimizing drug candidates. It is also employed in studies involving imidazole-based receptor ligands due to its affinity for specific neurotransmitter receptors.