This chemical is primarily utilized in the synthesis of chiral compounds, particularly in the pharmaceutical industry, where it serves as a key intermediate for producing enantiomerically pure drugs. Its chiral nature makes it valuable in the development of medications that require specific stereochemistry to achieve desired therapeutic effects. Additionally, it is employed in organic synthesis to create complex molecules with high optical purity, which is essential for research and development in medicinal chemistry. The compound is also used in the production of fine chemicals and as a building block for various agrochemicals, contributing to the development of pesticides and herbicides with improved efficacy and selectivity.