This compound is primarily utilized in the field of organic synthesis, where it serves as a chiral intermediate or building block in the production of complex molecules. Its structure, featuring a chiral center and aromatic groups, makes it valuable in asymmetric synthesis, particularly in the development of pharmaceuticals. It is often employed in the synthesis of bioactive compounds, including drugs targeting the central nervous system, due to its ability to influence stereochemistry and enhance the efficacy of the final product. Additionally, it is used in research settings to study enantioselective reactions and to develop new catalytic processes in medicinal chemistry.