This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of pharmaceutical agents. It is particularly significant in the development of drugs targeting the central nervous system (CNS), where its structural features contribute to the modulation of neurotransmitter activity. The compound's chiral center and functional groups make it valuable for creating enantiomerically pure substances, which are essential for achieving specific biological activity and reducing side effects in therapeutic applications. Additionally, it is employed in research settings to study receptor-ligand interactions, aiding in the discovery of new treatments for neurological disorders such as depression, anxiety, and Parkinson's disease. Its role in the synthesis of bioactive molecules underscores its importance in advancing drug development and understanding CNS-related mechanisms.