Used primarily in pharmaceutical research and development, this compound serves as a chiral building block in the synthesis of various drugs. It is particularly valuable in creating enantiomerically pure compounds, which are crucial for developing medications with specific therapeutic effects and reduced side effects. Its application extends to the production of antipsychotic and antidepressant drugs, where the stereochemistry plays a critical role in efficacy. Additionally, it is utilized in organic synthesis for constructing complex molecules in medicinal chemistry.