This compound is primarily utilized in the pharmaceutical industry as a chiral building block for the synthesis of various active pharmaceutical ingredients (APIs). Its stereochemistry makes it valuable in the production of enantiomerically pure drugs, particularly those targeting central nervous system disorders and cardiovascular diseases. Additionally, it serves as an intermediate in the development of agrochemicals, where its structural properties contribute to the creation of more effective and selective pesticides or herbicides. In research, it is employed in the study of enzymatic reactions and asymmetric synthesis, aiding in the development of novel catalytic processes.