This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of active pharmaceutical ingredients (APIs). It plays a key role in the development of chiral drugs, particularly those targeting neurological and psychiatric disorders. Its structure, featuring both amino and hydroxyl groups, makes it valuable for creating molecules with specific biological activities. Additionally, it is used in research settings for studying receptor interactions and developing new therapeutic agents. Its chiral nature is particularly important for producing enantiomerically pure compounds, which are critical for ensuring drug efficacy and reducing side effects.