This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various bioactive molecules, particularly those targeting neurological and psychiatric disorders. Its structure, featuring an amino acid backbone with a methoxyphenyl group, makes it valuable for designing drugs that interact with specific receptors or enzymes in the brain. Additionally, it is explored in the creation of chiral compounds, where its (R)-configuration is essential for achieving desired biological activity. Researchers also investigate its potential in developing treatments for conditions like depression, anxiety, and other central nervous system-related diseases.