Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. It is particularly valuable in the development of drugs targeting neurological disorders, such as Alzheimer's disease and epilepsy, due to its structural similarity to neurotransmitters. Additionally, it is employed in the production of chiral compounds, where its stereochemistry plays a crucial role in enhancing the efficacy and specificity of therapeutic agents. Its application extends to the field of organic synthesis, where it is utilized to create complex molecules with potential medicinal properties.