Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its chiral structure makes it valuable in the development of enantiomerically pure drugs, particularly those targeting the central nervous system. It is also employed in the creation of novel therapeutic agents for treating psychiatric and neurological disorders. Additionally, its derivatives are explored for their potential in modulating specific receptors or enzymes, contributing to advancements in medicinal chemistry.