This compound is primarily utilized in the synthesis of chiral molecules, particularly in the pharmaceutical industry. It serves as a key intermediate in the production of enantiomerically pure drugs, enhancing their efficacy and reducing side effects. Its chiral nature makes it valuable in asymmetric synthesis, where it helps create compounds with specific stereochemistry. Additionally, it is used in research and development to study receptor binding and enzyme interactions, aiding in the discovery of new therapeutic agents. Its application extends to the development of bioactive molecules and fine chemicals, contributing to advancements in medicinal chemistry.