Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of cardiovascular and central nervous system drugs. Its chiral structure makes it valuable in producing enantiomerically pure compounds, which are critical for enhancing drug efficacy and reducing side effects. Commonly employed in research settings for structure-activity relationship studies, especially in the optimization of receptor-targeted therapies. Also utilized in the preparation of selective adrenergic and serotonin receptor modulators due to its favorable binding properties and metabolic stability.