This compound is primarily utilized in the field of pharmaceutical research and development, particularly in the synthesis of active pharmaceutical ingredients (APIs). It serves as a chiral building block in the creation of complex molecules, enabling the production of enantiomerically pure drugs. Its application is crucial in the design of medications targeting specific biological pathways, such as those used in treating neurological disorders or cardiovascular diseases. Additionally, it may be employed in organic synthesis to develop novel compounds with potential therapeutic properties. Its role in asymmetric synthesis helps improve the efficacy and reduce the side effects of pharmaceutical products.