This chemical is widely used as a chiral building block in the synthesis of pharmaceuticals, particularly in the production of enantiomerically pure compounds. It serves as a key intermediate in the development of drugs targeting central nervous system disorders, such as antidepressants and antipsychotics. Additionally, it is employed in asymmetric synthesis to create optically active molecules, which are crucial in the manufacture of agrochemicals and fine chemicals. Its application also extends to the field of catalysis, where it is utilized to produce chiral catalysts for organic transformations.