This compound is primarily utilized in the synthesis of chiral catalysts and ligands, which are essential in asymmetric synthesis for producing enantiomerically pure pharmaceuticals. It serves as a key intermediate in the preparation of various biologically active molecules, particularly in the development of drugs targeting neurological disorders and cardiovascular diseases. Additionally, it is employed in organic chemistry research to study stereoselective reactions and to develop novel methodologies for constructing complex molecular architectures. Its chiral nature makes it valuable in the production of fine chemicals and agrochemicals where specific stereochemistry is crucial for activity.