This compound is primarily utilized in the synthesis of pharmaceuticals, particularly as an intermediate in the production of chiral drugs. Its stereochemistry makes it valuable in creating enantiomerically pure substances, which are crucial for developing medications with specific therapeutic effects. Additionally, it is employed in organic chemistry research to study asymmetric synthesis and chiral resolution processes. Its methoxy and methyl groups contribute to its reactivity, making it a versatile building block in the design of complex molecules.