This chemical is primarily utilized in pharmaceutical research and development, particularly in the synthesis of chiral compounds. Its role as a chiral building block is crucial in the creation of enantiomerically pure drugs, which are essential for ensuring the efficacy and safety of medications. It is often employed in the preparation of active pharmaceutical ingredients (APIs) that target neurological and psychiatric disorders, such as antidepressants and antipsychotics. Additionally, it serves as a key intermediate in the production of ligands and catalysts used in asymmetric synthesis, enhancing the selectivity and efficiency of chemical reactions. Its application extends to the development of novel therapeutic agents, contributing to advancements in medicinal chemistry.