This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of drugs targeting central nervous system disorders, particularly as a precursor in the production of antipsychotic and antidepressant medications. Its structural properties make it valuable for creating chiral molecules, which are essential for enhancing the efficacy and specificity of therapeutic agents. Additionally, it is employed in research laboratories for studying receptor interactions and developing novel compounds with potential therapeutic applications.