Used primarily in the pharmaceutical industry as a key intermediate in the synthesis of various bioactive compounds. It plays a significant role in the development of central nervous system (CNS) drugs, particularly those targeting neurological disorders such as depression, anxiety, and schizophrenia. The compound's structure allows it to interact with specific receptors in the brain, making it valuable for designing drugs with enhanced efficacy and reduced side effects. Additionally, it is utilized in research to study the pharmacological properties of chiral molecules, aiding in the discovery of novel therapeutic agents.