This compound is primarily utilized in the synthesis of complex organic molecules, particularly in pharmaceutical research. It serves as a key chiral building block in the production of enantiomerically pure drugs, where its specific stereochemistry is crucial for biological activity. It is often employed in the development of compounds targeting neurological and cardiovascular disorders due to its structural similarity to bioactive molecules. Additionally, it is used in asymmetric synthesis to create intermediates for agrochemicals and fine chemicals, enhancing the efficiency and selectivity of the reactions.