This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of chiral molecules. It serves as a key intermediate in the production of active pharmaceutical ingredients (APIs) that target neurological disorders, such as antidepressants or antipsychotics. Its chiral nature allows for the creation of enantiomerically pure drugs, enhancing efficacy and reducing side effects. Additionally, it is employed in organic chemistry studies to explore stereoselective reactions and asymmetric synthesis, contributing to advancements in drug design and chemical methodologies.