This compound is primarily used as an intermediate in the synthesis of various pharmaceutical agents. It plays a crucial role in the development of drugs targeting neurological and psychiatric disorders, particularly those involving the modulation of neurotransmitter systems. Its structural features make it valuable in creating compounds with high selectivity and potency for specific biological targets. Additionally, it is utilized in research settings for the preparation of chiral molecules, aiding in the study of stereochemistry and its impact on drug efficacy and safety.