This compound is primarily utilized in the field of organic synthesis, where it serves as a chiral building block or intermediate. Its structure makes it valuable in the production of enantiomerically pure pharmaceuticals, particularly in the synthesis of drugs that require specific stereochemistry for optimal efficacy. Additionally, it is employed in asymmetric catalysis, aiding in the creation of complex molecules with high enantioselectivity. Researchers also explore its potential in developing novel ligands for metal-catalyzed reactions, which are crucial in fine chemical and pharmaceutical manufacturing. Its unique properties make it a key component in advancing stereoselective synthesis methodologies.