Used primarily in the pharmaceutical industry as a chiral building block for the synthesis of various drugs. It plays a key role in the development of enantiomerically pure compounds, which are crucial for producing medications with higher efficacy and fewer side effects. Additionally, it is employed in the preparation of ligands for asymmetric catalysis, aiding in the creation of complex molecules with specific stereochemistry. Its application extends to research and development in organic chemistry, where it serves as a versatile intermediate in the synthesis of biologically active compounds.