This chemical is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the production of chiral compounds, particularly in the development of drugs targeting cardiovascular and central nervous system disorders. Its structural properties make it valuable for creating enantiomerically pure substances, which are essential for ensuring the efficacy and safety of therapeutic agents. Additionally, it is employed in research settings for studying biochemical pathways and developing novel drug candidates with improved pharmacological profiles.