This chemical is primarily used in the synthesis of pharmaceutical compounds, particularly in the development of chiral molecules. It serves as a key intermediate in the production of active pharmaceutical ingredients (APIs) where stereochemistry plays a critical role in drug efficacy. Its application is significant in the creation of drugs targeting central nervous system disorders, cardiovascular diseases, and other therapeutic areas. Additionally, it is utilized in organic chemistry research for building complex molecular structures, enabling the study of stereochemical effects on biological activity. Its stability and reactivity make it a valuable tool in asymmetric synthesis and medicinal chemistry.