This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its chiral structure makes it valuable for creating enantiomerically pure drugs, enhancing their efficacy and reducing potential side effects. Additionally, it is employed in the preparation of compounds with potential antimicrobial and anticancer properties, contributing to the discovery of new therapeutic agents. Its role in medicinal chemistry underscores its importance in advancing drug discovery and development processes.