This chemical is primarily used in pharmaceutical research and development as a chiral building block for the synthesis of complex molecules. Its structure, featuring a hydroxyl group and a carboxylate ester, makes it valuable in the preparation of biologically active compounds, particularly in the development of drugs targeting the central nervous system. The (R)-enantiomer specificity is crucial for creating enantiomerically pure drugs, which often exhibit improved efficacy and reduced side effects. Additionally, it serves as an intermediate in the synthesis of peptidomimetics and other therapeutic agents, contributing to advancements in medicinal chemistry.