This chemical is primarily utilized in the synthesis of pharmaceutical compounds, particularly in the development of chiral intermediates for drug manufacturing. Its structure makes it valuable in asymmetric synthesis, where it serves as a building block for creating enantiomerically pure substances. It is often employed in the production of active pharmaceutical ingredients (APIs) for medications targeting neurological and cardiovascular diseases. Additionally, it finds application in peptide chemistry, where it aids in the synthesis of complex peptide structures. Its role in facilitating stereoselective reactions makes it a critical component in the preparation of biologically active molecules.