Used as an intermediate in the synthesis of chiral compounds, particularly in the pharmaceutical industry for producing enantiomerically pure drugs. It plays a role in the development of active pharmaceutical ingredients (APIs) where specific stereochemistry is crucial for efficacy. Additionally, it is employed in organic synthesis for creating complex molecules with high optical purity, often in the production of fine chemicals and agrochemicals. Its chiral nature makes it valuable in asymmetric synthesis, enhancing the selectivity and efficiency of chemical reactions.