This compound is primarily utilized in the synthesis of pharmaceutical intermediates, particularly in the development of chiral molecules. Its stereochemistry makes it valuable in constructing complex structures for drugs targeting neurological and cardiovascular conditions. It is often employed as a building block in asymmetric synthesis, enabling the creation of enantiomerically pure compounds. Additionally, it serves as a key precursor in the production of biologically active molecules, contributing to the advancement of medicinal chemistry research. Its stability and reactivity also make it suitable for use in organic transformations, facilitating the development of novel therapeutic agents.