This chemical is widely used in the synthesis of pharmaceutical compounds, particularly in the development of chiral drugs. Its structure makes it a valuable intermediate in creating molecules with specific stereochemistry, which is crucial for the efficacy and safety of many medications. It is also employed in organic synthesis to build complex cyclic structures, often serving as a precursor in the production of biologically active compounds. Additionally, it is utilized in peptide chemistry for protecting amine groups during the synthesis of peptides and peptidomimetics. Its role in asymmetric synthesis further highlights its importance in producing enantiomerically pure substances for various applications in medicinal chemistry and drug discovery.