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 central nervous system (CNS) drugs, where its structural framework is utilized to create potential treatments for neurological disorders. Additionally, it plays a role in the study of receptor-specific interactions, aiding in the design of compounds targeting serotonin and dopamine pathways. Its chiral nature makes it significant in enantioselective synthesis, ensuring the production of optically active pharmaceuticals with enhanced efficacy and reduced side effects.