This compound is primarily utilized in the synthesis of pharmaceuticals, particularly in the production of chiral intermediates. It serves as a key building block in the development of drugs that target cardiovascular diseases and central nervous system disorders. Its chiral nature allows for the creation of enantiomerically pure substances, which are crucial for enhancing the efficacy and reducing the side effects of therapeutic agents. Additionally, it is employed in organic synthesis to produce complex molecules with high stereochemical control, making it valuable in the field of medicinal chemistry.