This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various bioactive molecules. Its structure, featuring a pyrrolidine ring with hydroxyl and carbamate functional groups, makes it valuable for constructing complex drug candidates, particularly those targeting neurological and cardiovascular diseases. It is often employed in the development of protease inhibitors, which are crucial in treating conditions like hypertension and HIV. Additionally, its stereochemistry allows for precise control in creating enantiomerically pure compounds, enhancing the efficacy and safety of the resulting drugs. Researchers also explore its use in peptide synthesis and as a building block for novel therapeutic agents.