Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. It is particularly valuable in the development of drugs targeting central nervous system disorders, such as depression and anxiety, due to its structural similarity to compounds that interact with neurotransmitter systems. Additionally, it has been explored for its potential in creating novel therapeutic agents for pain management and neurodegenerative diseases. Its chiral nature makes it significant in the production of enantiomerically pure drugs, enhancing efficacy and reducing side effects.