This compound is primarily utilized in the synthesis of chiral molecules, particularly in the pharmaceutical industry. It serves as a key intermediate in the production of certain beta-adrenergic receptor agonists, which are essential in treating respiratory conditions such as asthma and chronic obstructive pulmonary disease (COPD). Its chiral nature allows for the creation of enantiomerically pure drugs, enhancing efficacy and reducing side effects. Additionally, it finds application in organic synthesis for constructing complex molecular structures, particularly in asymmetric synthesis, where precise control over stereochemistry is crucial.