This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its structure, featuring a pyridine ring and an ethanolamine moiety, makes it valuable for developing compounds that interact with specific receptors in the central nervous system. Additionally, it is employed in the preparation of chiral ligands and catalysts used in asymmetric synthesis, enhancing the efficiency and selectivity of chemical reactions. Its application extends to the development of potential therapeutic agents, including drugs for treating conditions such as depression, anxiety, and neurodegenerative diseases.