Used as a chiral building block in the synthesis of various pharmaceuticals, particularly in the production of enantiomerically pure drugs. It serves as a key intermediate in the development of compounds with specific biological activities, such as antiviral and anticancer agents. Additionally, it is employed in asymmetric synthesis to create complex molecules with high stereochemical control. Its role in the preparation of chiral ligands and catalysts is also significant, enhancing the efficiency and selectivity of chemical reactions in organic synthesis.