Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its structure is particularly valuable in the development of drugs targeting neurological disorders, such as antidepressants and antipsychotics. Additionally, it is employed in the study of receptor-ligand interactions, aiding in the discovery of compounds with potential therapeutic effects. Its chiral nature makes it useful in asymmetric synthesis, contributing to the production of enantiomerically pure substances in medicinal chemistry.