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 disorders. Its structural features make it a valuable building block for developing compounds that interact with specific receptors in the central nervous system, such as dopamine or serotonin receptors. Additionally, it is explored in the design of potential therapeutics for conditions like depression, anxiety, and Parkinson's disease. Its chiral nature also allows for the development of enantiomerically pure drugs, enhancing efficacy and reducing side effects. Researchers also investigate its role in creating novel ligands for studying receptor binding and signaling pathways.