This compound is primarily utilized in the field of organic synthesis, where it serves as a chiral building block or intermediate in the production of more complex molecules. Its chiral nature makes it valuable in the development of pharmaceuticals, particularly in the synthesis of enantiomerically pure drugs, where the specific spatial arrangement of atoms can significantly influence the drug's efficacy and safety. Additionally, it may be employed in the preparation of ligands for asymmetric catalysis, aiding in the creation of compounds with high enantioselectivity, which is crucial in fine chemical and pharmaceutical manufacturing.