This chemical is primarily utilized in the field of asymmetric synthesis and chiral catalysis. It serves as a key intermediate or chiral auxiliary in the preparation of enantiomerically pure compounds, which are crucial in the development of pharmaceuticals, agrochemicals, and fine chemicals. Its role in facilitating stereoselective reactions makes it valuable for constructing complex molecular architectures with high precision. Additionally, it is employed in research settings to study chiral induction and enantioselective processes, contributing to advancements in synthetic organic chemistry.