This compound is primarily utilized in the synthesis of chiral molecules, particularly in pharmaceutical research and development. It serves as a key intermediate in the production of enantiomerically pure drugs, where the specific stereochemistry is crucial for biological activity. Its application extends to the creation of active pharmaceutical ingredients (APIs) for medications targeting neurological disorders, cardiovascular diseases, and other therapeutic areas. Additionally, it is employed in organic chemistry laboratories for the study of asymmetric synthesis and chiral resolution processes. Its role in fine chemical manufacturing also makes it valuable for producing high-purity compounds used in advanced material science and specialty chemicals.