This compound is primarily utilized in the synthesis of pharmaceutical intermediates, particularly in the development of drugs targeting neurological and cardiovascular disorders. Its unique structure allows it to act as a chiral building block, enabling the production of enantiomerically pure compounds, which are crucial for enhancing drug efficacy and reducing side effects. Additionally, it is employed in research laboratories for studying enzyme inhibition and receptor binding activities, contributing to the discovery of novel therapeutic agents. Its application extends to the field of organic chemistry, where it serves as a key reagent in asymmetric synthesis, facilitating the creation of complex molecules with high stereochemical control.