This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of chiral intermediates. It serves as a key building block in the production of enantiomerically pure drugs, enhancing their efficacy and reducing potential side effects. Its application is significant in the creation of peptide-based therapeutics, where its chiral properties help in achieving precise molecular configurations. Additionally, it is employed in the study of enzyme inhibitors and receptor modulators, contributing to advancements in targeted drug therapies.