This compound is primarily used in the development of pharmaceuticals, particularly as a key intermediate in the synthesis of active pharmaceutical ingredients (APIs). It plays a significant role in the production of drugs targeting metabolic disorders, neurological conditions, and cardiovascular diseases. Its structural properties make it valuable for creating enantiomerically pure compounds, which are essential for enhancing drug efficacy and reducing side effects. Additionally, it is utilized in research for designing peptide-based therapeutics and enzyme inhibitors, contributing to advancements in medicinal chemistry and drug discovery.