Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its chiral structure makes it valuable in the development of enantioselective drugs, particularly those targeting neurological and cardiovascular disorders. It is also employed in the preparation of ligands for asymmetric catalysis, enhancing the efficiency of chemical reactions in producing chiral compounds. Additionally, it finds application in the study of receptor binding and enzyme inhibition, aiding in the discovery of new therapeutic agents.