This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its structural features make it valuable for developing compounds that interact with specific receptors in the brain, such as serotonin or dopamine receptors, which are critical in treating conditions like depression, anxiety, and schizophrenia. Additionally, its chiral nature allows for the creation of enantiomerically pure drugs, enhancing efficacy and reducing side effects. Researchers also explore its potential in designing novel therapeutic agents for neurodegenerative diseases.