This compound is primarily used in pharmaceutical research and development, particularly in the synthesis of chiral molecules. Its structure makes it valuable for creating enantiomerically pure compounds, which are crucial in the production of drugs targeting specific biological pathways. It is often employed as an intermediate in the synthesis of active pharmaceutical ingredients (APIs) for therapeutic agents, especially those related to neurological and cardiovascular diseases. Additionally, its chiral nature allows for the study of stereoselective reactions, aiding in the development of more efficient and targeted medications.