Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the production of drugs targeting central nervous system disorders, including antidepressants and antipsychotics. Its chiral structure allows for the creation of enantiomerically pure compounds, enhancing the efficacy and reducing side effects of the final drug products. Additionally, it finds application in the study of receptor binding and enzyme interactions, aiding in the discovery of new therapeutic agents.