This compound is primarily utilized in the pharmaceutical industry as a chiral building block for the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of drugs targeting neurological disorders, as it can serve as a precursor for compounds that interact with specific receptors in the brain. Additionally, it is employed in the production of enantiomerically pure substances, which are crucial for creating medications with higher efficacy and fewer side effects. Its application extends to research and development, where it is used to study stereochemistry and optimize drug formulations.