This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of chiral drugs, particularly those targeting the central nervous system, due to its specific stereochemistry. The compound is also employed in research settings for studying enzyme interactions and receptor binding activities, aiding in the discovery of new therapeutic agents. Additionally, it finds use in the production of agrochemicals, where it serves as a building block for creating pesticides or herbicides with enhanced efficacy and selectivity. Its application in organic synthesis extends to the preparation of complex molecules for material science and chemical engineering projects.