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 enantiomerically pure drugs, enhancing their efficacy and reducing side effects. Its chiral nature makes it valuable in asymmetric synthesis, contributing to the development of active pharmaceutical ingredients (APIs) with specific stereochemical requirements. Additionally, it is employed in research for designing and optimizing new therapeutic agents, particularly in areas like neurology and oncology. Its role in peptidomimetics and as a building block for complex organic molecules further underscores its importance in medicinal chemistry.