This compound is primarily utilized in the synthesis of pharmaceutical intermediates, particularly in the production of chiral molecules. It serves as a key building block in the development of active pharmaceutical ingredients (APIs) due to its stereochemical properties, which are essential for creating enantiomerically pure drugs. Its application is significant in the preparation of compounds targeting neurological and metabolic disorders, where precise stereochemistry is crucial for efficacy and safety. Additionally, it is employed in organic synthesis for the preparation of amino acid derivatives, which are widely used in peptide chemistry and drug discovery.