Used primarily in the pharmaceutical industry, this compound serves as a chiral building block in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the development of enantiomerically pure drugs, where the specific stereochemistry can significantly impact the efficacy and safety of the medication. Additionally, it finds application in research and development for studying enzyme interactions and receptor binding, aiding in the design of more targeted and effective therapeutic agents. Its role in organic synthesis also extends to the production of fine chemicals and intermediates for complex molecular structures.