This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of various therapeutic agents. It serves as a key intermediate in the production of drugs targeting neurological disorders, such as Alzheimer's disease and other cognitive impairments. Its chiral structure makes it valuable in creating enantiomerically pure compounds, which are crucial for enhancing drug efficacy and reducing side effects. Additionally, it is employed in the development of protease inhibitors, which are essential in treatments for viral infections like HIV. Its versatility also extends to the synthesis of bioactive molecules used in cancer research, where it contributes to the creation of compounds that inhibit tumor growth.