This compound is primarily utilized in the pharmaceutical industry as a chiral building block for the synthesis of various active pharmaceutical ingredients (APIs). Its stereochemistry makes it valuable in the development of enantiomerically pure drugs, particularly those targeting neurological and psychiatric disorders. It serves as an intermediate in the production of compounds with potential therapeutic effects, such as antipsychotics and antidepressants. Additionally, it is employed in organic synthesis to create complex molecules with high specificity and efficacy, contributing to advancements in medicinal chemistry.