This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of drugs targeting neurological and psychiatric disorders, particularly those involving dopamine and serotonin pathways. Its structural features make it valuable for creating enantiomerically pure compounds, which are essential for ensuring the efficacy and safety of medications. Additionally, it is employed in research settings to study receptor interactions and develop novel therapeutic agents with improved selectivity and potency.