This compound is primarily utilized in the synthesis of chiral molecules, particularly in the pharmaceutical industry. It serves as a key intermediate in the production of enantiomerically pure drugs, where its stereochemistry plays a crucial role in ensuring the desired biological activity. Additionally, it is employed in organic synthesis for the preparation of thioester derivatives, which are valuable in peptide coupling reactions and other chemical transformations. Its application extends to research settings, where it is used to study enzyme mechanisms and chiral catalysis.