This chemical is primarily used as a chiral building block in the synthesis of various pharmaceutical compounds. Its structure makes it valuable in the development of enantioselective catalysts, which are crucial for producing optically active drugs. It is often employed in the preparation of intermediates for drugs targeting central nervous system disorders, such as antidepressants and antipsychotics. Additionally, it finds application in asymmetric synthesis, enabling the production of complex molecules with high stereochemical purity. Its role in medicinal chemistry is significant, particularly in the design of compounds with improved efficacy and reduced side effects.