This compound is primarily utilized in the synthesis of chiral intermediates for pharmaceutical applications. It serves as a key building block in the production of enantiomerically pure drugs, particularly those targeting the central nervous system. Its structure is valuable in the development of beta-blockers and other cardiovascular medications, where stereochemistry plays a critical role in efficacy. Additionally, it is employed in asymmetric synthesis to create complex molecules with high optical purity, which is essential for drug development and research. Its carbamate group also makes it a useful protecting group for amines in multi-step organic synthesis.