This chemical is primarily used in the synthesis of complex organic molecules, particularly in the pharmaceutical industry. It serves as a key intermediate in the production of various drugs, especially those targeting neurological and cardiovascular conditions. Its stereochemistry and functional groups make it valuable for constructing chiral centers in active pharmaceutical ingredients (APIs). Additionally, it is employed in peptide synthesis, where it acts as a protecting group for amino acids, ensuring selective reactions during the formation of peptide bonds. Its stability and compatibility with other reagents make it a versatile tool in medicinal chemistry and drug development.