This compound is primarily utilized in the pharmaceutical and chemical research sectors as a key intermediate in the synthesis of more complex molecules. Its chiral structure makes it valuable in the production of enantiomerically pure compounds, which are critical in the development of active pharmaceutical ingredients (APIs) with specific therapeutic effects. Additionally, it serves as a building block in organic synthesis, particularly in the creation of pyrrolidine-based frameworks that are often found in bioactive compounds. Its hydroxyl and carbamate functional groups also allow for further chemical modifications, enabling its use in the design of novel drug candidates and fine chemicals.