Used as a key intermediate in the synthesis of various pharmaceuticals, particularly in the production of chiral compounds. It plays a significant role in the development of active pharmaceutical ingredients (APIs) for drugs targeting cardiovascular diseases, central nervous system disorders, and anti-inflammatory treatments. Additionally, it is employed in organic synthesis to create complex molecules with high enantiomeric purity, making it valuable in asymmetric synthesis and the production of fine chemicals. Its application extends to agrochemicals, where it aids in the development of pesticides and herbicides with improved efficacy and selectivity.