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 significant role in the production of selective serotonin reuptake inhibitors (SSRIs) and other neuroactive compounds, which are used to treat mental health disorders such as depression and anxiety. Its structural properties make it valuable for creating enantiomerically pure substances, ensuring high efficacy and reduced side effects in therapeutic applications. Additionally, it is employed in research and development for studying neurotransmitter regulation and receptor interactions.