This compound is primarily utilized in the synthesis of pharmaceutical agents, particularly in the development of chiral drugs. Its structure makes it a valuable intermediate in the production of medications targeting cardiovascular and central nervous system disorders. It is also employed in research for creating enantiomerically pure compounds, which are crucial for studying biological activity and drug efficacy. Additionally, it finds application in organic synthesis as a building block for complex molecules, contributing to advancements in medicinal chemistry and drug discovery.