This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly as an intermediate in the production of chiral drugs. Its stereochemistry makes it valuable for creating enantiomerically pure substances, which are essential for developing medications with specific biological activities. It is often employed in the preparation of beta-blockers and other cardiovascular drugs, where the precise configuration of the molecule is critical for efficacy and safety. Additionally, it finds use in organic synthesis for constructing complex molecules in agrochemicals and fine chemicals, contributing to the development of advanced materials and crop protection agents.