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 active pharmaceutical ingredients (APIs) where stereochemistry plays a critical role. Its application is significant in the development of drugs that require precise chiral configurations to achieve desired therapeutic effects. Additionally, it is employed in organic synthesis for constructing complex molecules, often in the preparation of peptidomimetics or other biologically active compounds. Its role in asymmetric synthesis makes it valuable for creating enantiomerically pure substances, which are essential in modern drug discovery and development processes.