This compound is primarily utilized in the pharmaceutical industry as a chiral building block for the synthesis of various active pharmaceutical ingredients (APIs). Its chiral nature makes it valuable in the production of enantiomerically pure drugs, which can enhance efficacy and reduce side effects. It is often employed in the development of medications targeting neurological and cardiovascular disorders. Additionally, it serves as an intermediate in organic synthesis, particularly in the creation of complex molecules with specific stereochemical requirements. Its application extends to research laboratories where it is used in the study of asymmetric synthesis and chiral catalysis.