Used as a chiral building block in the synthesis of pharmaceuticals, particularly in the production of active pharmaceutical ingredients requiring high enantiomeric purity. Its hydroxyl and amine functional groups allow for versatile chemical modifications, making it valuable in developing neuroactive compounds and central nervous system agents. Commonly employed in research and development of nootropic drugs and receptor-targeted therapeutics. Also utilized in asymmetric synthesis due to its stereochemical stability and reactivity profile.