This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various bioactive molecules, particularly those targeting neurological and psychiatric disorders. Its structure is often leveraged in the development of selective receptor agonists or antagonists, which can modulate specific pathways in the brain. Additionally, it is explored for its potential in creating novel therapeutic agents for conditions such as depression, anxiety, and neurodegenerative diseases. The compound's chiral nature also makes it valuable in enantioselective synthesis, ensuring the production of optically pure pharmaceuticals.