This compound is primarily used in the pharmaceutical industry as a chiral building block for the synthesis of various drugs. Its stereochemistry makes it valuable in the production of enantiomerically pure compounds, which are crucial for developing medications with high efficacy and minimal side effects. It is often employed in the synthesis of antiviral and anticancer agents, where precise molecular configuration is essential for biological activity. Additionally, it serves as an intermediate in the preparation of peptidomimetics, which mimic peptides and are used in drug discovery to target specific biological pathways. Its versatility in organic synthesis also extends to the development of agrochemicals and specialty chemicals.