This compound is primarily utilized in the synthesis of pharmaceutical intermediates, particularly in the development of chiral molecules due to its stereospecific structure. It serves as a key building block in the production of active pharmaceutical ingredients (APIs) for drugs targeting neurological and cardiovascular disorders. Its chiral nature makes it valuable in asymmetric synthesis, enabling the creation of enantiomerically pure compounds. Additionally, it is employed in research settings for studying enzyme interactions and receptor binding, aiding in the discovery of new therapeutic agents. Its stability and reactivity also make it suitable for use in organic synthesis and medicinal chemistry projects.