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 crucial role in the development of chiral drugs, particularly those targeting central nervous system disorders, due to its structural properties that influence stereochemistry. Additionally, it is employed in the production of selective serotonin reuptake inhibitors (SSRIs) and other therapeutic agents designed to treat depression, anxiety, and related conditions. Its application extends to research and development, where it is used to study receptor binding and drug efficacy in preclinical models.