This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its structural features make it valuable for constructing complex molecules, particularly in the development of drugs targeting neurological and cardiovascular diseases. Additionally, it plays a role in the production of peptide-based therapeutics, where its chiral center ensures the desired stereochemistry in the final product. Researchers also employ it in medicinal chemistry studies to explore new drug candidates with improved efficacy and safety profiles.