Used as a chiral derivatizing agent in asymmetric synthesis, particularly in the preparation of enantiomerically enriched compounds. Its cyclic carbonate structure enables selective ring-opening reactions, making it valuable in the development of chiral building blocks for pharmaceuticals and fine chemicals. Commonly employed in catalytic kinetic resolution and desymmetrization processes due to its well-defined stereochemistry and reactivity toward nucleophiles. Also serves as an intermediate in the synthesis of complex natural products where stereocontrol is critical.