This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmacologically active molecules. It is particularly valuable in the development of compounds targeting the central nervous system (CNS), where its structural framework can be incorporated into drugs designed to modulate neurotransmitter systems. Additionally, it serves as a building block in the creation of ligands for receptors involved in neurological disorders, such as anxiety, depression, and schizophrenia. Its chiral nature also makes it useful in asymmetric synthesis, enabling the production of enantiomerically pure compounds with enhanced therapeutic efficacy and reduced side effects.