This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of active pharmaceutical ingredients (APIs). It serves as a chiral intermediate in the production of drugs targeting the central nervous system, such as antidepressants and stimulants, due to its structural similarity to phenethylamine derivatives. Its chiral nature allows for the creation of enantiomerically pure compounds, which is crucial for enhancing drug efficacy and reducing side effects. Additionally, it is employed in organic chemistry studies to explore stereoselective reactions and asymmetric synthesis.