This chemical is widely used as a chiral building block in the synthesis of various pharmaceuticals and fine chemicals. Its enantiomeric purity makes it valuable in producing optically active compounds, particularly in the development of drugs where stereochemistry plays a critical role in efficacy. Additionally, it serves as a solvent in organic reactions, especially in cases where a polar, non-aqueous medium is required. It is also employed in the production of esters, which are used as flavoring agents and fragrances in the food and cosmetic industries. Its application extends to research laboratories, where it is utilized as a reagent for asymmetric synthesis and chiral resolution studies.