This compound is primarily used in pharmaceutical research and development, particularly in the synthesis of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of chiral compounds, which are essential for creating drugs with specific enantiomeric properties. Its application is crucial in the development of medications targeting neurological disorders, cardiovascular diseases, and other therapeutic areas. Additionally, it is utilized in peptide synthesis and as a building block for designing molecules with enhanced biological activity and selectivity. Its chiral nature makes it valuable in asymmetric synthesis, contributing to the creation of more effective and safer drugs.