Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of chiral drugs. Its structure is particularly valuable in the production of enantiomerically pure compounds, which are essential for creating medications with high specificity and reduced side effects. It is also employed in the study of enzyme inhibitors and receptor agonists, aiding in the development of treatments for neurological and metabolic disorders. Additionally, it finds application in organic synthesis for constructing complex molecules with potential therapeutic properties.