Used as a chiral building block in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) for central nervous system disorders. It serves as a key intermediate in the production of enantiomerically pure compounds, enhancing the efficacy and specificity of drugs. Additionally, it is employed in organic synthesis for creating complex molecules with potential therapeutic applications. Its methoxymethyl group provides versatility in chemical modifications, making it valuable in medicinal chemistry and drug discovery processes.