This compound is primarily used in pharmaceutical research and development, particularly in the synthesis of chiral intermediates for active pharmaceutical ingredients (APIs). Its structure, featuring a hydroxyl group and an acetamide moiety, makes it a valuable building block for creating enantiomerically pure drugs. It is often employed in the production of medications targeting cardiovascular diseases, neurological disorders, and pain management. Additionally, its chiral nature allows for the development of more effective and selective drugs with reduced side effects. Researchers also utilize it in studying enzyme interactions and receptor binding mechanisms due to its specific stereochemistry.