This compound is primarily utilized in the field of organic synthesis, particularly as a chiral building block for the preparation of various pharmaceuticals. It is often employed in the synthesis of enantiomerically pure compounds, which are crucial in the development of drugs with specific biological activities. The compound's chiral nature allows for the creation of molecules with desired stereochemistry, enhancing the efficacy and reducing the side effects of the resulting drugs. Additionally, it is used in research and development for studying enzyme mechanisms and receptor interactions, contributing to the advancement of medicinal chemistry and drug design.