This chemical is primarily utilized in the synthesis of chiral compounds, particularly in the pharmaceutical industry where enantiomeric purity is crucial. It serves as an intermediate in the production of various drugs, including those targeting central nervous system disorders and cardiovascular diseases. Additionally, it is employed in the development of agrochemicals, where its chiral nature enhances the efficacy and specificity of pesticides and herbicides. In research, it is used as a building block for complex organic molecules, aiding in the study of stereochemistry and reaction mechanisms. Its application extends to material science, where it contributes to the creation of advanced polymers with tailored properties.