This chemical is primarily utilized in the synthesis of chiral compounds, particularly in the pharmaceutical industry where enantiomeric purity is crucial. It serves as an intermediate in the production of various drugs, especially those targeting the central nervous system, due to its ability to influence stereochemistry. Additionally, it is employed in asymmetric synthesis to create complex molecules with high optical purity, which is essential for developing effective and safe medications. Its role in organic synthesis also extends to the preparation of ligands for catalytic processes, enhancing the efficiency and selectivity of chemical reactions.