This compound is primarily utilized in the field of medicinal chemistry, where it serves as a key intermediate in the synthesis of various pharmaceutical agents. Its structure is particularly valuable in the development of drugs targeting the central nervous system, as it can be modified to enhance binding affinity to specific receptors. Additionally, it is employed in the production of compounds with potential therapeutic effects for neurological disorders, such as depression, anxiety, and schizophrenia. Its chiral nature also makes it a useful building block for creating enantiomerically pure drugs, ensuring higher efficacy and reduced side effects.