This chemical is primarily utilized in the synthesis of complex organic molecules, particularly in the pharmaceutical industry. It serves as a key intermediate in the production of various therapeutic agents, including those targeting neurological and cardiovascular diseases. Its stereochemistry makes it valuable for creating enantiomerically pure compounds, which are crucial for drug efficacy and safety. Additionally, it is employed in research and development for designing novel compounds with potential medicinal properties. Its stability and reactivity also make it suitable for use in asymmetric synthesis, aiding in the creation of chiral molecules.