Used in organic synthesis as a chiral building block for the preparation of pharmaceuticals and biologically active compounds. Its structure contains both hydroxyl and methylamino functional groups, making it suitable for use in asymmetric synthesis and as a ligand precursor in catalysis. Commonly employed in the development of enantioselective reactions due to its stereochemical stability and ability to coordinate with metal centers. Also finds use in the research of central nervous system agents owing to its structural similarity to certain neurotransmitter modulators.