Used as a chiral building block in the synthesis of pharmaceuticals, particularly in the production of active pharmaceutical ingredients (APIs) that require specific stereochemistry for efficacy. It is also employed in the development of peptidomimetics and other biologically active compounds. The compound's chiral nature makes it valuable in asymmetric synthesis, enabling the creation of enantiomerically pure drugs. Additionally, it serves as an intermediate in the preparation of various fine chemicals and agrochemicals, contributing to the development of products with enhanced biological activity and selectivity.