This compound is primarily utilized in the field of organic synthesis as a chiral building block. Its stereochemistry makes it valuable for the preparation of complex molecules, particularly in pharmaceutical research where enantiomeric purity is crucial. It serves as an intermediate in the synthesis of biologically active compounds, including potential drug candidates. Additionally, it is employed in the development of peptidomimetics and other therapeutic agents targeting specific enzymes or receptors. Its stability and functional groups allow for further modifications, making it a versatile tool in medicinal chemistry.