This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various therapeutic agents. Its structure is particularly valuable in the development of antiviral and antibacterial drugs, where it serves as a building block for more complex molecules. Additionally, it finds application in the production of enzyme inhibitors, which are crucial in treating diseases caused by abnormal enzyme activity. The compound's stereochemistry also makes it useful in the creation of chiral drugs, enhancing their efficacy and reducing potential side effects. Its role in medicinal chemistry underscores its importance in advancing drug discovery and development.