This compound is primarily used in the synthesis of chiral molecules, particularly in the production of pharmaceuticals. It serves as a key intermediate in the development of drugs that target the central nervous system, such as antidepressants and anticonvulsants. Its chiral nature allows for the creation of enantiomerically pure compounds, which are crucial for enhancing drug efficacy and reducing side effects. Additionally, it is employed in organic chemistry research for studying stereoselective reactions and developing novel catalytic processes. Its application extends to the preparation of peptides and peptidomimetics, which are important in designing therapeutic agents for various diseases.