Used in the synthesis of chiral compounds, particularly in pharmaceutical research where enantiomeric purity is crucial. It serves as a key intermediate in the production of various bioactive molecules, including drugs targeting neurological and cardiovascular disorders. Additionally, it is employed in the development of fine chemicals and agrochemicals, contributing to the creation of more efficient and selective products. Its role in asymmetric synthesis is also significant, aiding in the production of complex organic molecules with high stereochemical control.