This compound is widely used in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of chiral drugs, particularly those targeting neurological and cardiovascular disorders. Its structure is essential for creating molecules with high enantiomeric purity, which is critical for ensuring the efficacy and safety of medications. Additionally, it is employed in research settings for the design and optimization of new drug candidates, especially in the field of medicinal chemistry. Its versatility also extends to its use in the preparation of complex organic molecules for further chemical transformations.