This compound is primarily utilized in the synthesis of chiral intermediates for pharmaceuticals, particularly in the development of drugs targeting cardiovascular and central nervous system disorders. Its chiral structure makes it valuable for producing enantiomerically pure substances, which are critical for ensuring the efficacy and safety of therapeutic agents. Additionally, it serves as a building block in organic synthesis for creating complex molecules with specific biological activities. Its methoxybenzyloxy group enhances solubility and stability, making it suitable for use in various chemical reactions and formulations.