Used primarily as a chiral building block in the synthesis of pharmaceuticals, this compound is valuable in the production of enantiomerically pure drugs. It serves as an intermediate in the development of active pharmaceutical ingredients (APIs) for various therapeutic applications, including central nervous system disorders and cardiovascular diseases. Its chiral nature is crucial for creating drugs with high specificity and efficacy. Additionally, it is employed in asymmetric synthesis to produce optically active compounds, enhancing the precision of drug design and reducing unwanted side effects.