This compound is primarily utilized in the synthesis of various pharmaceuticals, particularly as an intermediate in the production of chiral molecules. Its structure makes it valuable in the development of drugs targeting neurological disorders, as it can be incorporated into compounds that interact with neurotransmitter systems. Additionally, it serves as a building block in organic synthesis for creating complex molecules with potential biological activity. Its chiral nature is also exploited in asymmetric synthesis to produce enantiomerically pure substances, which are crucial in the manufacture of active pharmaceutical ingredients (APIs) with high specificity and reduced side effects.