This chemical is primarily utilized in the synthesis of chiral compounds, particularly in the pharmaceutical industry, where it serves as a crucial building block for active pharmaceutical ingredients (APIs). Its chiral nature allows for the production of enantiomerically pure drugs, which is essential for ensuring the efficacy and safety of medications. Additionally, it is employed in the development of agrochemicals, contributing to the creation of more effective and selective pesticides. In research, it is used as a reagent in asymmetric synthesis, enabling the exploration of novel chemical reactions and pathways. Its versatility also extends to material science, where it aids in the design of advanced polymers and catalysts.