This compound is primarily used in the synthesis of chiral ligands and catalysts, which are essential in asymmetric synthesis for producing enantiomerically pure pharmaceuticals. It serves as a building block in the preparation of various biologically active molecules, particularly in the development of drugs targeting neurological and cardiovascular diseases. Additionally, it is employed in the production of fine chemicals and agrochemicals, where its stereochemistry plays a critical role in enhancing the efficacy and selectivity of the final products. Its application also extends to research and development in organic chemistry, where it aids in studying stereoselective reactions and mechanisms.