This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various pharmaceutical agents, particularly those targeting neurological and psychiatric disorders. Its structure is often incorporated into molecules designed to modulate neurotransmitter systems, such as GABAergic or dopaminergic pathways. Researchers also explore its potential in creating radiolabeled compounds for imaging studies, leveraging the iodine atom for positron emission tomography (PET) scans to study brain function and receptor distribution. Additionally, its chiral nature makes it valuable in the development of enantiomerically pure drugs, enhancing specificity and reducing side effects.