Used primarily in the synthesis of pharmaceuticals, this compound serves as a key intermediate in the production of various drugs. It is particularly valuable in the development of central nervous system (CNS) agents, where its structural properties contribute to the efficacy of the final medication. Additionally, it plays a role in the creation of compounds with potential anti-inflammatory and analgesic properties, making it significant in pain management research. Its chiral nature also allows for the exploration of enantioselective processes in drug development, enhancing the specificity and safety of therapeutic agents.