This compound is commonly used in the synthesis of pharmaceuticals, particularly in the development of chiral molecules. Its structure makes it a valuable intermediate in the production of drugs targeting the central nervous system, such as antipsychotics and antidepressants. Additionally, it serves as a building block in organic chemistry for creating complex molecules with specific stereochemistry, which is crucial for drug efficacy and safety. It is also utilized in research for studying enzyme inhibition and receptor interactions due to its ability to mimic natural substrates.