This compound is primarily utilized in the synthesis of pharmaceuticals, particularly in the development of chiral drugs. Its structure, which includes a stereocenter, makes it valuable for creating enantiomerically pure substances, enhancing the efficacy and reducing the side effects of medications. It serves as a key intermediate in the production of certain antidepressants and stimulants, contributing to the modulation of neurotransmitter activity in the brain. Additionally, it is employed in organic chemistry research for studying stereoselective reactions and asymmetric synthesis, aiding in the development of novel therapeutic agents.