Used as a key intermediate in pharmaceutical synthesis, particularly in the production of active pharmaceutical ingredients (APIs) for central nervous system drugs. Its structure supports the development of compounds with biological activity, including antidepressants and antipsychotics. Also employed as a chiral building block in asymmetric synthesis, enabling the creation of enantiomerically pure drugs. Additionally, it functions as a catalyst or ligand in organic reactions, enhancing reaction efficiency and selectivity in fine chemical manufacturing.