Primarily utilized in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its chiral structure makes it valuable in the production of enantiomerically pure compounds, which are crucial in the design of drugs with specific therapeutic effects. It is often employed in the creation of inhibitors and modulators targeting enzymes and receptors, particularly in the central nervous system. Additionally, it finds application in the development of potential treatments for neurological disorders, such as Parkinson's disease and depression, due to its ability to influence neurotransmitter systems. Its versatility also extends to organic synthesis, where it is used to construct complex molecular frameworks in medicinal chemistry.