Used as a chiral building block in the synthesis of pharmaceuticals, particularly in the production of active pharmaceutical ingredients (APIs) that require specific stereochemistry for efficacy. It is also employed in the development of agrochemicals, where its trifluoromethyl group enhances biological activity and stability. Additionally, it serves as a key intermediate in the preparation of ligands for asymmetric catalysis, aiding in the creation of enantioselective reactions in organic synthesis. Its unique structure makes it valuable in research and development for novel compounds with potential therapeutic or industrial applications.