Used primarily in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the production of chiral compounds, particularly in the development of enantiomerically pure drugs. Its structure, featuring both a carboxyl group and a phenyl ring, makes it valuable for creating molecules with specific biological activities. Additionally, it is utilized in research for designing and optimizing drug candidates, especially those targeting neurological and metabolic disorders. Its application extends to fine chemical synthesis, where it contributes to the preparation of complex organic molecules.