This chemical is primarily utilized in the synthesis of various pharmaceuticals, particularly in the production of chiral intermediates. It serves as a key building block in the development of drugs that target cardiovascular diseases, central nervous system disorders, and metabolic conditions. Its chiral nature makes it valuable for creating enantiomerically pure compounds, which are essential for ensuring the efficacy and safety of many therapeutic agents. Additionally, it finds use in the preparation of specialty chemicals and fine chemicals, where its unique structure contributes to the creation of complex molecules with specific biological activities. In research and development, it is employed in the study of enzyme mechanisms and biochemical pathways, aiding in the discovery of new drug candidates.