This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly significant in the development of drugs targeting the central nervous system (CNS), where its structural properties contribute to the efficacy of the final product. Additionally, it is employed in organic synthesis for the preparation of chiral compounds, aiding in the production of enantiomerically pure substances. Its application extends to research and development, where it serves as a key reagent in the study of biochemical pathways and drug discovery processes.