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. It is often employed in the synthesis of bioactive compounds, including potential drug candidates, where precise control over stereochemistry is crucial. Additionally, it can serve as a protecting group for amines in multi-step synthetic processes, ensuring selective reactivity and stability during chemical transformations. Its application extends to research and development in medicinal chemistry, where it aids in the exploration of new therapeutic agents.