Used primarily in the pharmaceutical industry as a chiral building block for the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of enantiomerically pure drugs, particularly in the production of compounds targeting neurological and cardiovascular diseases. Additionally, it serves as a key intermediate in organic synthesis, aiding in the creation of complex molecules with specific stereochemistry. Its application extends to research laboratories, where it is utilized in the study of chiral catalysts and asymmetric synthesis.