Used as a chiral building block in the synthesis of pharmaceuticals, particularly in the production of active pharmaceutical ingredients (APIs) requiring high enantiomeric purity. Its structure makes it valuable in the development of central nervous system agents, including certain antidepressants and stimulant medications. Commonly employed in asymmetric synthesis to introduce chirality into more complex molecules. Also utilized in the preparation of intermediates for agrochemicals and fine chemicals where stereochemistry plays a critical role in biological activity.