This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its structure is particularly valuable in the development of drugs targeting the central nervous system, where it can act as a building block for compounds with potential antipsychotic or antidepressant properties. Additionally, it is employed in research settings to study receptor interactions and to design molecules with enhanced selectivity and efficacy for specific biological targets. Its chiral nature also makes it useful in asymmetric synthesis, contributing to the production of enantiomerically pure substances.