This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various drugs. Its stereochemistry makes it valuable for producing chiral molecules, which are crucial in developing medications with specific biological activities. It is often employed in the creation of antibiotics, antivirals, and other therapeutic agents, particularly those targeting infections or neurological disorders. Additionally, its structural properties allow it to act as a building block for more complex organic molecules, enhancing the efficiency of drug development processes.