Used as a key chiral intermediate in the synthesis of central nervous system (CNS) pharmaceutical agents, particularly those targeting serotonin (5-HT) receptors. It supports the development of drugs for depression, anxiety, and other psychiatric disorders. Chromane derivatives such as this often act as agonists or antagonists at specific brain receptors, providing potential as lead molecules in pharmaceutical research for highly selective compounds with minimal side effects. Its stereochemistry enables the production of enantiomerically pure molecules critical for efficacy and safety in medicinal chemistry.