Used as a chiral building block in the synthesis of pharmaceuticals, particularly in the production of active pharmaceutical ingredients (APIs) where enantiomeric purity is critical. It serves as an intermediate in the preparation of various drugs, including those targeting neurological and cardiovascular conditions. Additionally, it is employed in the development of agrochemicals, contributing to the creation of pesticides and herbicides with enhanced efficacy. Its role in asymmetric synthesis is also significant, facilitating the production of optically active compounds in organic chemistry research and industrial applications.