This compound is primarily utilized in the synthesis of chiral intermediates for pharmaceutical applications. It serves as a key building block in the production of various drugs, particularly those targeting cardiovascular and central nervous system disorders. Its chiral structure allows for the creation of enantiomerically pure substances, which are crucial for enhancing the efficacy and reducing the side effects of medications. Additionally, it is employed in research and development for studying stereochemical effects in drug-receptor interactions, aiding in the design of more effective therapeutic agents.