This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of drugs targeting neurological disorders, particularly those related to the modulation of neurotransmitter systems. Its structural properties make it valuable in the creation of enantiomerically pure compounds, which are essential for producing medications with high specificity and reduced side effects. Additionally, it is employed in research settings for studying receptor interactions and developing novel therapeutic agents.