This chemical is primarily utilized in the synthesis of chiral compounds, particularly in the pharmaceutical industry. It serves as a key intermediate in the production of enantiomerically pure drugs, where the specific stereochemistry is crucial for biological activity. Additionally, it is employed in asymmetric synthesis to create complex molecules with high optical purity. Its application extends to the development of agrochemicals, where it aids in the formulation of more effective and selective pesticides. In research, it is often used as a building block for studying stereochemical reactions and developing new catalytic processes.