This compound is primarily utilized in the synthesis of pharmaceutical intermediates, particularly in the development of chiral molecules. It serves as a key building block in the production of active pharmaceutical ingredients (APIs) for drugs targeting various therapeutic areas, including cardiovascular and central nervous system disorders. Its chiral nature makes it valuable for creating enantiomerically pure compounds, which are often essential for achieving desired biological activity and reducing side effects. Additionally, it is employed in research and development for exploring new drug candidates and optimizing synthetic routes in organic chemistry.