This compound is primarily utilized in the synthesis of chiral polymers and fine chemicals, where its stereochemistry plays a crucial role in determining the properties of the final product. It is often employed in the production of specialty plastics and resins that require specific optical characteristics. Additionally, it serves as a building block in the pharmaceutical industry for the development of active pharmaceutical ingredients (APIs) with defined stereochemistry. Its application extends to the field of organic electronics, where it is used to create materials with tailored electronic properties. Furthermore, it is sometimes used as a solvent or additive in formulations requiring high purity and specific chiral properties.