Used as a chiral building block in organic synthesis, particularly in the production of pharmaceuticals and fine chemicals. It serves as a key intermediate in the synthesis of peptides and peptidomimetics, which are essential in drug discovery and development. The compound is also employed in the preparation of enantiomerically pure substances, aiding in the creation of drugs with specific stereochemical properties. Additionally, it finds application in research laboratories for studying enzyme mechanisms and protein interactions due to its structural similarity to natural amino acids.