Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of central nervous system (CNS) drugs. Its chiral structure makes it valuable in creating selective dopamine and serotonin receptor modulators. Commonly employed in the production of antipsychotics and antidepressants due to its ability to cross the blood-brain barrier. Also utilized in research for novel opioid receptor ligands with reduced side effect profiles. Its hydroxyl and amine functional groups allow for easy modification in drug design, enhancing pharmacokinetic properties.