This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the production of certain drugs, particularly those targeting neurological and psychiatric disorders. Its chiral structure makes it valuable in the development of enantiomerically pure compounds, which are essential for achieving specific therapeutic effects with reduced side effects. Additionally, it is employed in research and development for studying biochemical pathways and drug mechanisms, contributing to the advancement of medicinal chemistry.