This compound is primarily utilized in the pharmaceutical industry as a chiral building block for the synthesis of various active pharmaceutical ingredients (APIs). Its stereochemistry makes it valuable in the development of enantiomerically pure drugs, particularly those targeting neurological and cardiovascular diseases. It is also employed in the preparation of ligands for asymmetric catalysis, enhancing the efficiency and selectivity of chemical reactions. Additionally, it serves as a key intermediate in the production of specialty chemicals and fine chemicals, contributing to advancements in material science and organic synthesis.