This compound is primarily utilized in the synthesis of pharmaceuticals, particularly in the development of chiral molecules due to its (R)-configuration. It serves as a key intermediate in the production of active pharmaceutical ingredients (APIs) that target specific biological pathways. Its tert-butoxy and phenyl groups make it a versatile building block in organic synthesis, enabling the creation of complex drug structures. Additionally, it is employed in research settings to study enzyme interactions and drug-receptor binding, aiding in the design of more effective and targeted therapies.