This compound is primarily utilized in the field of organic synthesis, particularly in the production of chiral compounds. It serves as a valuable intermediate in the synthesis of pharmaceuticals, where its chiral nature is crucial for creating enantiomerically pure drugs. Additionally, it is employed in the development of bioactive molecules and in research focused on understanding stereochemical effects in chemical reactions. Its application extends to the preparation of ligands for asymmetric catalysis, enhancing the efficiency and selectivity of various catalytic processes.