This compound is primarily used in the synthesis of pharmaceuticals, particularly in the development of chiral molecules. It serves as an intermediate in the production of various active pharmaceutical ingredients (APIs), especially those targeting neurological and cardiovascular disorders. Its chiral nature makes it valuable in creating enantiomerically pure drugs, which often have higher efficacy and fewer side effects. Additionally, it is employed in peptide synthesis, where it acts as a protecting group for amines, ensuring selective reactions during complex molecular constructions. Researchers also utilize it in the study of enzyme inhibitors and receptor modulators, contributing to advancements in medicinal chemistry.