This compound is primarily utilized in the synthesis of pharmaceuticals, particularly in the development of drugs targeting the central nervous system. It serves as a key intermediate in the production of compounds that act on neurotransmitter systems, such as dopamine and serotonin receptors. Due to its chiral structure, it is often employed in the creation of enantiomerically pure substances, which are crucial for achieving specific therapeutic effects with minimal side effects. Additionally, it is used in research settings to study receptor binding and pharmacological activity, aiding in the discovery of new treatments for neurological and psychiatric disorders. Its role in fine chemical synthesis also extends to the development of agrochemicals and other biologically active molecules.