This compound is primarily utilized in the field of organic synthesis as a chiral building block. It serves as a key intermediate in the preparation of various pharmaceuticals, particularly those requiring specific stereochemistry for biological activity. Its structure is advantageous in the synthesis of piperidine-based compounds, which are common in drugs targeting the central nervous system. Additionally, it is employed in the development of chiral catalysts and ligands for asymmetric synthesis, enhancing the efficiency and selectivity of chemical reactions. Its applications extend to research and development in medicinal chemistry, where it aids in the creation of novel therapeutic agents.