This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a significant role in the development of drugs targeting central nervous system disorders, particularly as a precursor for compounds with potential antidepressant or anxiolytic properties. Its chiral nature makes it valuable in the production of enantiomerically pure substances, which are often crucial for achieving desired therapeutic effects with minimal side effects. Additionally, it is explored in research settings for the development of novel therapeutic agents due to its unique structural features, which can be modified to enhance biological activity and selectivity.