This compound is primarily utilized in the synthesis of chiral molecules, particularly in the pharmaceutical industry where enantiomeric purity is crucial. It serves as a key intermediate in the production of various active pharmaceutical ingredients (APIs), especially those targeting neurological and cardiovascular disorders. Its chiral nature makes it valuable in asymmetric synthesis, enabling the creation of compounds with high stereochemical precision. Additionally, it is employed in research and development for designing and testing new drug candidates, particularly in the field of peptidomimetics and enzyme inhibitors. Its role in fine chemical synthesis also extends to the development of agrochemicals and specialty chemicals.