This compound is primarily utilized in the pharmaceutical and chemical synthesis industries. It serves as a key intermediate in the production of various active pharmaceutical ingredients (APIs), particularly those targeting neurological and cardiovascular disorders. Its chiral nature makes it valuable in the synthesis of enantiomerically pure drugs, enhancing their efficacy and reducing side effects. Additionally, it is employed in the development of peptidomimetics and other bioactive molecules, contributing to advancements in drug discovery and medicinal chemistry. Its stability and reactivity also make it suitable for use in organic synthesis, particularly in the construction of complex molecular architectures.