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 development of drugs targeting central nervous system disorders, including antidepressants and antipsychotics. Its chiral structure makes it valuable for producing enantiomerically pure compounds, which are essential for ensuring the efficacy and safety of therapeutic agents. Additionally, it is employed in research settings for studying receptor interactions and developing novel therapeutic molecules.