This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its stereochemistry and structural properties make it valuable in the development of drugs targeting specific biological pathways, particularly in the creation of chiral molecules that require precise configurations for efficacy. It is often employed in the production of medications for cardiovascular diseases, where its derivatives can act as inhibitors or modulators of enzymes or receptors involved in heart function and blood pressure regulation. Additionally, it finds use in research and development for exploring new therapeutic agents due to its ability to serve as a building block in complex organic synthesis.