This compound is primarily utilized in the synthesis of pharmaceuticals and organic compounds due to its role as a chiral building block. It is often employed in the production of drugs targeting neurological disorders, as its structure can influence the activity and selectivity of the final product. Additionally, it serves as a precursor in the development of peptidomimetics, which are used to mimic the structure and function of peptides in drug design. Its application extends to asymmetric synthesis, where it aids in creating enantiomerically pure substances, crucial for the efficacy of many therapeutic agents.