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 disorders. Its structural framework is often incorporated into the design of compounds that interact with neurotransmitter systems, making it valuable in the creation of potential treatments for conditions like Parkinson's disease, depression, and anxiety. Additionally, it is employed in the study of enzyme inhibition and receptor modulation, aiding in the discovery of novel therapeutic agents. Its chiral nature also makes it useful in asymmetric synthesis, contributing to the production of enantiomerically pure drugs.