This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the production of chiral drugs, particularly those targeting the central nervous system, due to its specific stereochemistry. Additionally, it is employed in research and development for creating novel compounds with potential therapeutic applications. Its stability and reactivity make it a valuable component in organic synthesis, especially in the preparation of complex molecules with high enantiomeric purity.