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 bioactive molecules, particularly those targeting neurological and psychiatric disorders. Its structural features make it valuable for developing compounds that interact with specific receptors in the brain, such as serotonin or dopamine receptors. Researchers often employ it in the design of potential therapeutic agents for conditions like depression, anxiety, or schizophrenia. Additionally, its chiral nature allows for the exploration of stereoselective interactions in drug development, enhancing the efficacy and specificity of potential treatments.