This chemical is primarily utilized in the synthesis of pharmaceutical compounds, particularly those targeting neurological and psychiatric disorders. It serves as a key intermediate in the production of drugs that modulate neurotransmitter systems, such as dopamine and serotonin, making it valuable for developing treatments for conditions like depression, anxiety, and cognitive impairments. Additionally, it is employed in research settings to study receptor interactions and develop novel therapeutic agents. Its chiral structure also makes it useful in asymmetric synthesis, contributing to the creation of enantiomerically pure compounds.