This compound is primarily utilized in the pharmaceutical and chemical research fields. It serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs), particularly those involving chiral molecules. Its application is significant in the development of drugs that require specific stereochemistry for efficacy, such as certain antibiotics, antivirals, and central nervous system agents. Additionally, it is employed in organic synthesis to produce fine chemicals and specialty compounds, often contributing to the creation of complex molecules with high precision. Its role in peptide synthesis is also noteworthy, where it aids in the formation of peptide bonds under controlled conditions.