This compound is primarily utilized in the synthesis of pharmaceuticals and fine chemicals. It serves as a key chiral building block in the production of various active pharmaceutical ingredients (APIs), particularly those requiring specific stereochemistry for efficacy. Its application extends to the development of peptide-based drugs, where it acts as an intermediate in the formation of peptide bonds. Additionally, it is employed in organic synthesis for the preparation of enantiomerically pure compounds, which are crucial in the production of drugs with reduced side effects and improved therapeutic outcomes. Its role in asymmetric synthesis also makes it valuable in the creation of complex molecules for research and industrial purposes.