This chemical is primarily used in the synthesis of chiral compounds, particularly in the pharmaceutical industry where enantiomeric purity is crucial. It serves as a building block for producing active pharmaceutical ingredients (APIs) with specific stereochemistry, ensuring the desired therapeutic effects. Additionally, it is employed in the development of fine chemicals and specialty materials, where its chiral properties enhance the performance and functionality of the end products. Its application extends to research and development in organic chemistry, where it is utilized in asymmetric synthesis and catalysis studies.