Used in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of drugs targeting the central nervous system, particularly for neurological and psychiatric disorders. Its chiral structure is valuable in creating enantiomerically pure compounds, enhancing the efficacy and reducing side effects of therapeutic agents. Additionally, it is utilized in research for studying receptor interactions and developing novel treatments for conditions like depression, anxiety, and neurodegenerative diseases.