This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various chiral drugs, particularly those targeting neurological and cardiovascular diseases. Its structural properties make it valuable in the design of enzyme inhibitors, which are crucial for treating conditions like hypertension and Alzheimer's disease. Additionally, it is employed in asymmetric synthesis to produce enantiomerically pure compounds, enhancing the efficacy and safety of therapeutic agents. Its application extends to the development of peptide-based drugs, where it helps improve stability and bioavailability.