This chemical is primarily utilized in the synthesis of chiral compounds, serving as a key intermediate in the production of pharmaceuticals and agrochemicals. Its chiral nature makes it valuable in asymmetric synthesis, where it aids in creating enantiomerically pure substances. It is often employed in the development of active pharmaceutical ingredients (APIs) that require specific stereochemistry for optimal efficacy. Additionally, it finds use in research laboratories for studying stereoselective reactions and developing new catalytic methods. Its role in constructing complex molecular architectures highlights its importance in organic chemistry and drug discovery.