This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of various drugs, especially those targeting the central nervous system. Its structural properties make it valuable in the creation of compounds with potential antidepressant or anxiolytic effects. Additionally, it is employed in the study of receptor binding and enzyme inhibition, aiding in the discovery of new therapeutic agents. Its application is also seen in the development of chiral molecules, where its stereochemistry plays a crucial role in enhancing drug efficacy and reducing side effects.