Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its chiral nature makes it valuable in the production of enantiomerically pure drugs, particularly in therapeutic areas such as central nervous system disorders and cardiovascular diseases. Additionally, it is employed in the development of agrochemicals, where its structural properties contribute to the creation of more effective and selective pesticides. The compound’s stability and reactivity also make it useful in organic synthesis for constructing complex molecular architectures.