This chemical is primarily used 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 chiral compounds, particularly in the production of drugs that require specific stereochemistry for therapeutic efficacy. Its structure makes it valuable for constructing complex molecules, especially in the creation of piperazine-based compounds, which are common in medications targeting the central nervous system, such as antipsychotics and antidepressants. Additionally, it is utilized in organic synthesis for the preparation of ligands and catalysts in asymmetric synthesis, aiding in the production of enantiomerically pure substances. Its stability and reactivity make it a versatile building block in medicinal chemistry and drug discovery processes.