This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of drugs targeting central nervous system disorders, including antipsychotics and antidepressants. Its chiral structure makes it valuable in producing enantiomerically pure compounds, which are essential for enhancing drug efficacy and reducing side effects. Additionally, it is employed in organic synthesis to introduce specific functional groups or modify molecular structures during the production of complex molecules. Its stability and reactivity make it a preferred choice in multi-step synthetic processes.