This compound is primarily used 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 neurological and psychiatric disorders, particularly those involving the central nervous system. Its structural properties make it valuable for creating compounds with potential therapeutic effects, such as antipsychotics or cognitive enhancers. Additionally, it is utilized in research settings to study receptor interactions and develop new treatments for conditions like schizophrenia, depression, and anxiety disorders. Its application is also explored in the development of chiral molecules, where its stereochemistry is leveraged to produce enantiomerically pure drugs with improved efficacy and reduced side effects.