This compound is primarily utilized in the synthesis of chiral pharmaceuticals, particularly in the production of β-blockers and other cardiovascular drugs, where its stereochemistry plays a critical role in efficacy. It serves as a key intermediate in the development of enantiomerically pure compounds, ensuring high specificity in drug action. Additionally, it is employed in organic synthesis for constructing complex molecules with high stereochemical control, making it valuable in medicinal chemistry and drug discovery. Its application extends to research settings for studying enzyme-substrate interactions and chiral catalysis.