This compound is primarily utilized in the synthesis of chiral intermediates for pharmaceuticals, particularly in the production of enantiomerically pure drugs. Its structure is valuable in asymmetric synthesis, enabling the creation of complex molecules with high stereochemical control. It is often employed in the development of active pharmaceutical ingredients (APIs) for treatments targeting cardiovascular diseases, central nervous system disorders, and other therapeutic areas. Additionally, it serves as a building block in organic chemistry research for designing novel compounds with potential biological activity. Its application extends to the fine chemicals industry, where it contributes to the production of high-purity substances for advanced chemical processes.