This compound is primarily utilized in the synthesis of pharmaceutical intermediates, particularly in the production of enantiomerically pure drugs. It serves as a key chiral building block in the development of β-adrenergic receptor agonists, which are used to treat conditions such as asthma and other respiratory disorders. Additionally, it is employed in the preparation of ligands for asymmetric catalysis, enhancing the efficiency of chemical reactions in the synthesis of complex organic molecules. Its chiral nature makes it valuable in creating optically active compounds, which are essential in the manufacture of high-purity active pharmaceutical ingredients (APIs).