This compound is primarily utilized in the pharmaceutical industry as a chiral building block for the synthesis of various active pharmaceutical ingredients (APIs). Its stereochemistry makes it valuable in the development of enantiomerically pure drugs, particularly those targeting neurological and cardiovascular conditions. It is also employed in research and development for creating novel therapeutic agents, where its structure can enhance binding affinity and selectivity to biological targets. Additionally, it serves as an intermediate in organic synthesis, contributing to the production of complex molecules with potential medicinal properties.