This compound is primarily utilized in the synthesis of pharmaceutical agents, particularly in the development of chiral drugs. Its structure is often incorporated into molecules designed for therapeutic applications, such as antidepressants or antihistamines, due to its ability to influence biological activity and receptor binding. The compound's chiral nature makes it valuable in creating enantiomerically pure drugs, which can enhance efficacy and reduce side effects. Additionally, it may serve as an intermediate in organic synthesis, contributing to the production of more complex chemical entities.