Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various drugs. It is particularly valuable in the production of compounds targeting central nervous system disorders, including antipsychotics and antidepressants. Its chiral structure allows for the creation of enantiomerically pure substances, enhancing the efficacy and reducing side effects of the resulting medications. Additionally, it finds application in the preparation of ligands for metal complexes used in catalytic processes, contributing to advancements in organic synthesis and industrial chemistry.