This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its structural features make it valuable in the development of ligands for receptors in the central nervous system, such as dopamine and serotonin receptors. Additionally, it is explored for its potential in creating novel therapeutic agents for conditions like anxiety, depression, and schizophrenia. The compound’s chiral nature also allows for the study of enantioselective interactions in drug design, enhancing the specificity and efficacy of potential medications.