Used as a chiral intermediate in the synthesis of pharmaceutical compounds, particularly in the development of fluorinated and iodinated bioactive molecules. Its stereochemistry makes it valuable for asymmetric synthesis where specific enantiomeric activity is required. Commonly employed in radiolabeling and tracer studies due to the presence of iodine, enabling use in imaging applications. Also serves as a building block in the preparation of kinase inhibitors and other targeted therapies in medicinal chemistry.