This compound is widely used as a chiral intermediate in the synthesis of various pharmaceuticals, particularly in the production of enantiomerically pure drugs. Its stereochemistry makes it valuable for creating compounds with specific biological activities. It is also employed in asymmetric synthesis to produce fine chemicals and agrochemicals. Additionally, it serves as a building block in organic chemistry research for developing novel molecules with potential therapeutic applications. Its role in catalysis and as a ligand in metal-catalyzed reactions further highlights its importance in industrial and academic settings.