This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and cardiovascular disorders. Its chiral structure makes it valuable in the production of enantiomerically pure drugs, enhancing their efficacy and reducing potential side effects. Additionally, it is employed in the preparation of complex organic compounds for medicinal chemistry studies, aiding in the discovery of new therapeutic agents. Its stability and reactivity under controlled conditions make it a preferred choice for laboratory-scale synthesis and industrial applications.