Used primarily in organic synthesis, this compound serves as a chiral auxiliary or building block in the production of enantiomerically pure substances. It is particularly valuable in asymmetric synthesis, where it helps control the stereochemistry of reactions, leading to the formation of specific chiral molecules. This is crucial in the pharmaceutical industry for creating drugs with desired biological activity. Additionally, it can be employed in the development of advanced materials, such as chiral polymers or catalysts, which require precise molecular configurations for optimal performance. Its stability and structural properties make it suitable for use in complex synthetic pathways.