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 production of drugs targeting neurological and psychiatric disorders, particularly those involving the modulation of neurotransmitter systems. Additionally, it is employed in the development of nootropic agents, which are substances aimed at enhancing cognitive functions such as memory and learning. Its chiral nature makes it valuable in the creation of enantiomerically pure compounds, ensuring higher efficacy and reduced side effects in therapeutic applications. Researchers also explore its potential in designing novel treatments for conditions like epilepsy, anxiety, and depression due to its structural compatibility with biologically active molecules.