This chemical is primarily used in the pharmaceutical industry as a chiral building block for the synthesis of various active pharmaceutical ingredients (APIs). Its stereospecific structure makes it valuable in the production of enantiomerically pure compounds, which are crucial for drugs that require high specificity and efficacy. It is often employed in the development of medications targeting neurological disorders, cardiovascular diseases, and other therapeutic areas where chirality plays a significant role in drug activity. Additionally, it serves as an intermediate in organic synthesis, particularly in the creation of complex molecules for research and development purposes.