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 production of chiral compounds, particularly in the development of drugs targeting neurological disorders and cardiovascular diseases. Its stereospecific properties make it valuable for creating enantiomerically pure substances, enhancing the efficacy and reducing side effects of medications. Additionally, it is employed in research laboratories for studying peptide synthesis and modifying amino acid derivatives to improve drug delivery systems.