This compound is primarily utilized in the synthesis of pharmaceutical intermediates, particularly in the development of chiral drugs. Its structure, featuring both benzyl and phenyl groups, makes it a valuable building block for creating complex molecules with specific stereochemistry. It is often employed in the preparation of peptidomimetics and bioactive compounds, where the stereocenter plays a critical role in biological activity. Additionally, it serves as a precursor in the production of enzyme inhibitors and receptor modulators, contributing to advancements in medicinal chemistry and drug discovery. Its application is also seen in research focused on optimizing drug delivery systems and enhancing the efficacy of therapeutic agents.