This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and cardiovascular systems. Its structural features make it valuable for designing drugs that interact with specific receptors or enzymes in the body. Additionally, it is employed in the study of chiral chemistry, where its enantiomeric purity is crucial for understanding stereochemical effects in drug efficacy and safety. Researchers also explore its potential in creating novel therapeutic agents for conditions such as hypertension, anxiety, and neurodegenerative disorders.