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 certain antidepressants and anxiolytics, contributing to the modulation of neurotransmitter activity in the brain. Additionally, it is employed in research settings for the development of novel therapeutic agents targeting neurological disorders. Its chiral nature makes it valuable in asymmetric synthesis, enabling the creation of enantiomerically pure compounds with specific biological activities.