This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs), particularly those targeting central nervous system disorders. Its chiral structure makes it valuable for creating enantiomerically pure drugs, which can enhance efficacy and reduce side effects. Additionally, it is explored in the development of compounds with potential antidepressant or stimulant properties due to its structural similarity to certain psychoactive substances. Researchers also investigate its role in modulating neurotransmitter systems, which could lead to novel treatments for conditions like depression, anxiety, or attention deficit disorders. Its applications extend to organic synthesis, where it is used to build complex molecules with specific biological activities.