This compound is primarily utilized in the pharmaceutical industry as a chiral building block for the synthesis of various active pharmaceutical ingredients (APIs). Its structure is particularly valuable in the development of drugs targeting the central nervous system, where its enantiomeric purity can influence the efficacy and safety of the final product. Additionally, it serves as an intermediate in the production of compounds with potential therapeutic applications in treating neurological disorders, such as depression, anxiety, and Parkinson's disease. Its role in asymmetric synthesis also makes it a key component in the creation of more complex molecules with specific biological activities.