Used in the synthesis of chiral compounds, particularly in the development of pharmaceuticals where enantiomeric purity is crucial. It serves as a key intermediate in the production of active pharmaceutical ingredients (APIs) for drugs targeting neurological and cardiovascular disorders. The compound is also employed in asymmetric synthesis to create optically active molecules, enhancing the efficacy and reducing side effects of medications. Additionally, it is utilized in research laboratories for studying stereochemistry and developing novel therapeutic agents.