This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of chiral intermediates for drug discovery. Its structure, featuring both amino and ester functional groups, makes it a valuable building block for creating complex molecules, especially those targeting neurological and cardiovascular diseases. The chiral nature of the compound is crucial for developing enantiomerically pure drugs, which often exhibit higher efficacy and fewer side effects. Additionally, it is employed in the preparation of peptide analogs and other bioactive compounds, contributing to advancements in medicinal chemistry and therapeutic applications.