This compound is widely used as a chiral building block in organic synthesis, particularly in the production of pharmaceuticals. Its structure makes it valuable for creating enantiomerically pure drugs, which are essential for ensuring the desired biological activity and minimizing side effects. It is often employed in the synthesis of antiviral and antifungal agents, where the specific stereochemistry plays a critical role in efficacy. Additionally, it serves as an intermediate in the development of complex molecules for agrochemicals, contributing to the creation of more targeted and efficient crop protection products. Its stability and reactivity under various conditions make it a versatile reagent in asymmetric synthesis.