This chemical is primarily utilized in the synthesis of chiral compounds, particularly in the pharmaceutical industry. It serves as a key intermediate in the production of various drugs, especially those requiring enantiomeric purity. Its chiral nature makes it valuable in asymmetric synthesis, where it helps create compounds with specific stereochemistry. Additionally, it is used in research and development for studying receptor interactions and designing new therapeutic agents. Its application extends to organic chemistry, where it acts as a building block for complex molecules in fine chemical synthesis.