This compound is primarily utilized in the pharmaceutical industry as a chiral building block for the synthesis of various active pharmaceutical ingredients (APIs). Its chiral nature makes it valuable in the production of enantiomerically pure drugs, which are crucial for ensuring efficacy and reducing side effects. It is often employed in the development of medications targeting neurological disorders, where stereochemistry plays a significant role in drug activity. Additionally, it serves as an intermediate in organic synthesis, particularly in the preparation of complex molecules with specific stereochemical requirements. Its application extends to research settings, where it is used to study chiral catalysis and asymmetric synthesis processes.