This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a significant role in the development of drugs targeting the central nervous system, particularly those designed to treat neurological disorders such as depression, anxiety, and schizophrenia. Its structure is often incorporated into compounds that interact with neurotransmitter receptors, enhancing their efficacy and selectivity. Additionally, it is employed in organic synthesis for the preparation of complex molecules, including chiral compounds, due to its ability to act as a building block with specific stereochemical properties. Its applications also extend to research and development, where it is used to explore new chemical entities and optimize drug candidates for improved therapeutic outcomes.