Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. It is particularly valuable in the development of CNS (Central Nervous System) drugs, where its structural framework is utilized to create compounds targeting neurological disorders. Its chiral nature makes it significant in the production of enantiomerically pure substances, enhancing the efficacy and specificity of therapeutic agents. Additionally, it is employed in the study of receptor binding and enzyme inhibition, aiding in the discovery of new treatments for conditions like Parkinson's disease and depression.