This chemical is primarily utilized in the synthesis of complex organic molecules, particularly in the development of pharmaceuticals. It serves as a key intermediate in the production of certain active pharmaceutical ingredients (APIs), where its unique stereochemistry and functional groups enable the construction of specific chiral centers. This is crucial for creating drugs with high enantiomeric purity, which is often essential for their biological activity and safety. Additionally, it finds application in research and development for exploring new therapeutic compounds, especially in the fields of neurology and oncology, where precise molecular structures are critical for targeting specific pathways or receptors. Its role in facilitating efficient and selective chemical transformations makes it valuable in advanced organic synthesis.