Used primarily in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a key role in the production of compounds with potential neurological or psychotropic effects, often contributing to the development of drugs targeting the central nervous system. Additionally, it is utilized in research settings for studying enzymatic reactions and metabolic pathways, particularly those involving chiral molecules. Its structural properties make it valuable for creating enantiomerically pure substances, which are critical in drug development for ensuring efficacy and reducing side effects.