This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of chiral molecules. It serves as a key intermediate in the production of enantiomerically pure drugs, which are essential for ensuring high specificity and reduced side effects in therapeutic applications. Its chiral nature makes it valuable in the creation of active pharmaceutical ingredients (APIs) for treating conditions such as cardiovascular diseases, neurological disorders, and infections. Additionally, it is employed in biochemical studies to explore receptor-ligand interactions and enzyme mechanisms, aiding in the discovery of novel drug targets. Its role in asymmetric synthesis also contributes to advancements in medicinal chemistry and drug design.