This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of active pharmaceutical ingredients (APIs). It plays a crucial role in the development of drugs targeting central nervous system disorders, particularly those involving neurotransmitter modulation. Its chiral structure makes it valuable in the production of enantiomerically pure compounds, which are essential for ensuring the efficacy and safety of therapeutic agents. Additionally, it is employed in research settings for studying receptor binding activities and developing novel treatments for conditions such as depression, anxiety, and other neurological diseases.