This chemical is primarily used as an intermediate in the synthesis of various pharmaceuticals. It plays a crucial role in the production of chiral compounds, particularly in the development of drugs that require specific enantiomeric forms for enhanced efficacy and reduced side effects. Its application is significant in the manufacturing of active pharmaceutical ingredients (APIs) for medications targeting neurological and cardiovascular disorders. Additionally, it is utilized in organic synthesis for creating complex molecules in research and industrial settings, contributing to advancements in medicinal chemistry.