This chemical is primarily used as an intermediate in the synthesis of chiral compounds, particularly in the pharmaceutical industry. It plays a crucial role in the production of enantiomerically pure drugs, where its specific stereochemistry is essential for achieving desired biological activity. Additionally, it is utilized in the development of fine chemicals and agrochemicals, where its structural properties contribute to the creation of more effective and selective products. Its application extends to research and development in organic chemistry, where it serves as a building block for complex molecular structures.