This compound is primarily used in the pharmaceutical industry as an intermediate in the synthesis of various drugs. It plays a crucial role in the production of chiral compounds, particularly in the development of medications targeting the central nervous system. Its structure is valuable in creating molecules with specific stereochemistry, which is essential for drugs requiring high enantiomeric purity. Additionally, it is utilized in research settings for studying biochemical pathways and developing new therapeutic agents. Its application extends to the preparation of fine chemicals and specialty compounds used in organic synthesis.