This compound is primarily used in the field of pharmaceutical research and development, particularly in the synthesis of bioactive molecules. It serves as a key intermediate in the production of chiral compounds, which are crucial for creating enantiomerically pure drugs. Its application is significant in the development of therapeutic agents targeting neurological disorders, as it can be utilized to modulate neurotransmitter systems. Additionally, it finds use in the preparation of peptidomimetics, which are designed to mimic the structure and function of peptides, aiding in drug discovery efforts for various diseases.