Used primarily in pharmaceutical research, it serves as a key intermediate in the synthesis of chiral compounds, particularly in the development of drugs targeting neurological disorders. Its chiral nature allows for the creation of enantiomerically pure substances, which are crucial for enhancing drug efficacy and reducing side effects. Additionally, it is employed in organic synthesis to produce amino acid derivatives, which are essential in peptide and protein studies. The compound's stability and reactivity make it a valuable tool in medicinal chemistry for designing and optimizing therapeutic agents.