This compound is primarily utilized in the synthesis of chiral molecules, particularly in the pharmaceutical industry, where it serves as a key intermediate in the production of enantiomerically pure drugs. Its chiral structure makes it valuable for creating active pharmaceutical ingredients (APIs) with specific stereochemical requirements. It is also employed in organic chemistry research for developing asymmetric synthesis methods, aiding in the creation of complex molecular structures with high precision. Additionally, it finds application in the preparation of ligands for catalysis, enhancing the efficiency and selectivity of chemical reactions.