Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of selective serotonin reuptake inhibitors (SSRIs) and other central nervous system agents. Its structure allows for easy functionalization, making it valuable in creating chiral amines used in active drug ingredients. Commonly employed in research and development for novel antidepressants and anxiolytic compounds. Also utilized in the preparation of fine chemicals and specialty amines for use in medicinal chemistry.