This compound is primarily utilized in the field of organic synthesis, particularly as a chiral building block or intermediate in the production of pharmaceuticals. Its stereochemistry and functional groups make it valuable for constructing complex molecules with high enantiomeric purity, which is crucial in drug development. It is often employed in the synthesis of bioactive compounds, including those targeting neurological or cardiovascular systems. Additionally, its structure allows for further chemical modifications, making it versatile in medicinal chemistry research.