Used as a chiral building block in organic synthesis, particularly in the production of pharmaceuticals and fine chemicals. It is often employed in asymmetric synthesis to create enantiomerically pure compounds, which are crucial for developing drugs with specific biological activities. Additionally, it serves as a ligand in coordination chemistry, aiding in the formation of metal complexes used in catalysis. Its application extends to biochemical research, where it is utilized in the study of enzyme mechanisms and protein interactions.