Used as a key intermediate in the synthesis of biologically active compounds, particularly in pharmaceuticals targeting central nervous system disorders. Its structural motif allows for selective binding in receptor sites, making it valuable in the development of serotonin and dopamine modulators. Commonly employed in medicinal chemistry for constructing chiral oxazoline frameworks, which enhance metabolic stability and bioavailability in drug candidates. Also utilized in asymmetric catalysis and as a ligand in enantioselective transformations during the production of optically pure drugs.