This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various bioactive molecules, particularly those targeting neurological and cardiovascular disorders. Its chiral structure makes it valuable in the production of enantiomerically pure drugs, enhancing their efficacy and reducing side effects. Additionally, it is explored in the development of ligands for receptors involved in pain management and mood regulation. Researchers also study its potential in creating novel therapeutic agents for conditions like depression, anxiety, and hypertension.