This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various therapeutic agents. It plays a crucial role in the production of antibiotics, particularly those belonging to the beta-lactam class, which are widely used to treat bacterial infections. Additionally, it is employed in the development of chiral drugs, where its specific stereochemistry is essential for creating compounds with desired biological activity. Its application extends to research laboratories, where it serves as a building block in organic synthesis and medicinal chemistry studies, aiding in the discovery of new drug candidates.