Used as a chiral building block in the synthesis of pharmaceuticals, particularly in the production of enantiomerically pure drugs. It serves as an intermediate in the development of active pharmaceutical ingredients (APIs) for treatments targeting neurological and cardiovascular conditions. Additionally, it is employed in asymmetric synthesis to create compounds with high stereochemical purity. Its role in peptide modification and as a ligand in catalytic processes is also notable, enhancing the efficiency and selectivity of chemical reactions.