This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. It plays a crucial role in the development of drug candidates, particularly those targeting neurological disorders and psychiatric conditions. Its structural framework is often incorporated into molecules designed to interact with specific receptors in the brain, such as serotonin or dopamine receptors, making it valuable in the creation of potential treatments for depression, anxiety, and other mental health conditions. Additionally, its chiral nature allows for the production of enantiomerically pure compounds, which can enhance the efficacy and reduce the side effects of the resulting drugs.