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 structural features make it a valuable building block for developing compounds that interact with specific receptors in the brain, such as serotonin or dopamine receptors. Researchers also explore its potential in creating drugs for treating conditions like depression, anxiety, and other central nervous system-related ailments. Additionally, its chiral nature allows for the development of enantiomerically pure drugs, enhancing efficacy and reducing side effects.