This compound is primarily utilized in the synthesis of pharmaceuticals, particularly in the development of chiral intermediates for active pharmaceutical ingredients (APIs). Its structure is valuable in creating enantiomerically pure compounds, which are essential for drugs with specific biological activities. It is often employed in peptide synthesis and as a building block for complex organic molecules, contributing to the production of antibiotics, antiviral agents, and other therapeutic drugs. Additionally, it plays a role in research and development for new drug candidates, enabling the exploration of novel chemical entities with potential medicinal benefits.