Used primarily in pharmaceutical research and development, this compound serves as a chiral building block in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the production of enantiomerically pure drugs, where the specific stereochemistry is crucial for biological activity. The compound is also employed in the study of receptor interactions and enzyme mechanisms, aiding in the design of more effective and selective therapeutic agents. Additionally, it finds application in the development of diagnostic agents and in the fine-tuning of drug formulations to enhance efficacy and reduce side effects.