This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various bioactive molecules. Its chiral structure makes it valuable in the development of enantiomerically pure drugs, particularly in the production of compounds targeting central nervous system disorders. It is also employed in the creation of ligands for asymmetric catalysis, aiding in the synthesis of complex organic molecules with high stereochemical control. Additionally, it serves as a building block in medicinal chemistry research for designing and optimizing drug candidates with improved efficacy and selectivity.