Primarily used in the pharmaceutical industry, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its chiral structure makes it valuable in the production of enantiomerically pure drugs, particularly those targeting the central nervous system. It is also employed in the development of peptide-based therapeutics due to its ability to enhance stability and bioavailability. Additionally, it finds application in research as a building block for designing novel compounds with potential therapeutic properties.