This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly significant in the development of drugs targeting central nervous system (CNS) disorders, such as antidepressants and anxiolytics. The chiral nature of the compound allows for the production of enantiomerically pure substances, which is crucial for enhancing the efficacy and reducing the side effects of the final drug products. Additionally, it is employed in research and development for the creation of novel therapeutic agents, leveraging its unique structural properties to interact with specific biological targets. Its application in medicinal chemistry underscores its importance in advancing treatments for complex neurological conditions.