Used in the synthesis of chiral compounds, particularly in the pharmaceutical industry where enantiomeric purity is crucial. It serves as a key intermediate in the production of active pharmaceutical ingredients (APIs) that require specific stereochemistry. Additionally, it is employed in the development of peptide-based drugs and other biologically active molecules, aiding in the creation of compounds with enhanced efficacy and reduced side effects. Its role in asymmetric synthesis makes it valuable for constructing complex molecular architectures in medicinal chemistry.