Primarily used in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. It is particularly significant in the development of central nervous system (CNS) drugs, where it acts as a chiral building block for creating compounds with potential antidepressant or anxiolytic properties. Its structural features make it valuable for designing molecules that target specific neurotransmitter systems. Additionally, it is utilized in organic synthesis to explore novel chemical pathways and optimize reaction conditions for the production of complex organic molecules.