This compound is primarily utilized in the synthesis of complex organic molecules, particularly in pharmaceutical research. It serves as a key intermediate in the development of various drugs, especially those targeting neurological and cardiovascular disorders. Its structure is valuable for constructing chiral frameworks, which are crucial for creating biologically active compounds with high specificity. Additionally, it is employed in the preparation of peptidomimetics, which mimic peptides and are used in drug design to enhance stability and bioavailability. Its role in asymmetric synthesis also makes it a valuable tool in producing enantiomerically pure substances, essential for effective and safe therapeutic agents.