Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its structure is particularly valuable in the creation of compounds targeting neurological and psychiatric disorders, such as antidepressants and anxiolytics. Additionally, it plays a role in the development of drugs that modulate serotonin and dopamine receptors, contributing to treatments for conditions like depression, anxiety, and Parkinson’s disease. Its chiral nature also makes it useful in enantioselective synthesis, ensuring the production of optically pure substances for enhanced therapeutic efficacy.