Used primarily in pharmaceutical research, this compound serves as a chiral building block for synthesizing enantiomerically pure drugs. It is particularly valuable in the development of medications targeting specific biological pathways where stereochemistry plays a crucial role. Its application extends to the production of active pharmaceutical ingredients (APIs) for treatments in areas such as cardiovascular diseases, central nervous system disorders, and anti-inflammatory therapies. Additionally, it is utilized in asymmetric synthesis to create complex molecules with high optical purity, ensuring enhanced efficacy and reduced side effects in therapeutic agents.