This compound is primarily utilized in pharmaceutical research and development as a chiral building block. Its structure makes it valuable for synthesizing enantiomerically pure compounds, particularly in the creation of active pharmaceutical ingredients (APIs) for drugs targeting the central nervous system. It is often employed in asymmetric synthesis to produce intermediates for potential therapeutic agents, including those for neurological disorders. Additionally, its role in medicinal chemistry extends to the development of inhibitors and modulators for various biological targets, contributing to the discovery of novel treatments.