Used as a chiral intermediate in the synthesis of pharmaceuticals, particularly in the production of active ingredients for central nervous system drugs. Its enantiomeric purity makes it valuable in creating selective serotonin reuptake inhibitors (SSRIs) and related antidepressants. Also employed in the development of agrochemicals and fine chemicals where stereochemistry plays a critical role in biological activity. Commonly utilized in asymmetric synthesis routes due to its stability and reactivity profile.