This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of drugs targeting central nervous system disorders, including antipsychotic and antidepressant medications. Its chiral structure makes it valuable for creating enantiomerically pure compounds, which are essential for achieving specific biological activity and reducing side effects. Additionally, it is employed in research settings for studying receptor interactions and developing novel therapeutic agents. Its stability and reactivity make it a versatile building block in organic synthesis for constructing complex molecules.