This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of drugs targeting cardiovascular diseases, central nervous system disorders, and other therapeutic areas. Its chiral structure makes it valuable for creating enantiomerically pure compounds, which are often essential for achieving desired pharmacological effects. Additionally, it is employed in research settings for studying biochemical pathways and developing novel drug candidates. Its application extends to the production of fine chemicals and as a building block in organic synthesis for complex molecules.