This compound is primarily used in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of chiral molecules, particularly in the production of drugs targeting central nervous system disorders, cardiovascular diseases, and other therapeutic areas. Its chiral structure allows for the creation of enantiomerically pure compounds, which are essential for ensuring the efficacy and safety of medications. Additionally, it is utilized in organic synthesis for constructing complex molecules with specific stereochemistry, aiding in the research and development of new drugs and bioactive compounds.