This chemical is primarily utilized in the synthesis of chiral compounds, particularly in the pharmaceutical industry where enantiomeric purity is crucial. It serves as a key intermediate in the production of various active pharmaceutical ingredients (APIs) that require specific stereochemistry to achieve desired therapeutic effects. Additionally, it is employed in organic synthesis to create complex molecules with high precision, often in the development of drugs targeting neurological and cardiovascular diseases. Its chiral nature also makes it valuable in the preparation of ligands for asymmetric catalysis, enhancing the efficiency and selectivity of chemical reactions.