Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its structure is particularly valuable in the development of central nervous system (CNS) drugs, including potential treatments for neurological disorders such as Parkinson's disease and depression. The compound's chiral nature allows for the creation of enantiomerically pure substances, enhancing the efficacy and reducing side effects of the resulting drugs. Additionally, it is employed in the study of receptor binding and enzyme inhibition, aiding in the discovery of novel therapeutic agents.