This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of active pharmaceutical ingredients (APIs). It serves as a chiral building block in the production of drugs targeting central nervous system disorders, such as antidepressants or antipsychotics, due to its structural properties. Its chiral nature allows for the creation of enantiomerically pure compounds, which can enhance therapeutic efficacy and reduce side effects. Additionally, it may be employed in the development of diagnostic agents or as an intermediate in organic synthesis for specialized chemical reactions. Its applications are largely confined to laboratory settings and industrial-scale drug manufacturing processes.