This chemical is primarily utilized in the synthesis of pharmaceutical compounds, particularly in the development of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of drugs that target neurological and cardiovascular disorders. Its chiral structure makes it valuable in creating enantiomerically pure substances, which are crucial for ensuring the efficacy and safety of medications. Additionally, it is employed in organic synthesis for constructing complex molecular frameworks, often in the preparation of heterocyclic compounds. Its stability and reactivity under various conditions make it a versatile building block in medicinal chemistry research and drug discovery processes.