This chemical is widely used in the pharmaceutical industry as a key intermediate in the synthesis of various drugs, particularly those targeting central nervous system disorders. It plays a crucial role in the production of antipsychotic medications, helping to improve their efficacy and selectivity. Additionally, it is utilized in the development of chiral compounds, where its stereochemistry is essential for creating biologically active molecules with specific enantiomeric properties. Its application extends to research and development, where it serves as a building block for designing novel therapeutic agents.