Used primarily in the synthesis of pharmaceuticals, this compound serves as a chiral building block in the production of various drugs. It is particularly valuable in the development of medications targeting neurological disorders due to its structural properties. Additionally, it plays a role in the creation of agrochemicals, contributing to the formulation of pesticides and herbicides. Its stereochemistry makes it useful in asymmetric synthesis, enabling the production of enantiomerically pure compounds. In research, it is employed as a reagent in organic chemistry studies, aiding in the exploration of new synthetic pathways.