This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and cardiovascular disorders. Its unique stereochemistry and functional groups make it valuable for constructing complex drug candidates with enhanced efficacy and selectivity. Additionally, it is employed in the study of enzyme inhibition and receptor binding, aiding in the discovery of novel therapeutic agents. Its application extends to the development of chiral catalysts, which are crucial in asymmetric synthesis for producing enantiomerically pure compounds.