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 drugs targeting neurological disorders, particularly those involving the modulation of neurotransmitter systems. Its structural properties make it valuable for creating enantiomerically pure compounds, which are crucial for ensuring the efficacy and safety of medications. Additionally, it is employed in research settings for studying enzyme interactions and metabolic pathways, aiding in the discovery of novel therapeutic agents.