The compound is primarily utilized in the pharmaceutical and chemical synthesis industries. It serves as a key intermediate in the production of various bioactive molecules and active pharmaceutical ingredients (APIs). Its chiral structure makes it valuable in the synthesis of enantiomerically pure compounds, which are crucial in drug development to ensure efficacy and reduce side effects. Additionally, it is employed in organic synthesis for the construction of complex molecular architectures, particularly in the development of peptidomimetics and other therapeutic agents. Its application extends to research laboratories, where it is used in studies focusing on asymmetric synthesis and the development of novel catalytic processes.