This compound is primarily utilized in the pharmaceutical industry as a chiral building block for the synthesis of various active pharmaceutical ingredients (APIs). Its chiral nature makes it valuable in the production of enantiomerically pure drugs, which are often more effective and have fewer side effects compared to racemic mixtures. It is also employed in research and development for creating novel therapeutic agents, particularly in the fields of neurology and psychiatry, where precise stereochemistry is crucial for drug efficacy. Additionally, it may be used in the preparation of intermediates for agrochemicals, contributing to the development of advanced crop protection products.