Used as a chiral building block in the synthesis of pharmaceuticals, particularly in the production of β-blockers and other cardiovascular drugs. It serves as an intermediate in the preparation of optically active compounds, enhancing the efficacy and specificity of the final drug products. Additionally, it is employed in the synthesis of agrochemicals, contributing to the development of pesticides and herbicides with improved activity and selectivity. Its role in organic synthesis also extends to the creation of fine chemicals and specialty materials, where its structure facilitates the formation of complex molecules with desired stereochemistry.