This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various biologically active molecules. It plays a crucial role in the development of drugs targeting neurological disorders, particularly those involving serotonin and dopamine receptors. Its structural features make it valuable for designing compounds with potential antipsychotic or antidepressant properties. Additionally, it is employed in research settings for studying enzyme inhibition mechanisms and exploring new therapeutic pathways. Its chiral nature also makes it useful in asymmetric synthesis, contributing to the production of enantiomerically pure pharmaceuticals.