Primarily used as a chiral building block in the synthesis of pharmaceuticals, this compound plays a crucial role in the production of enantiomerically pure drugs. Its stereochemistry allows for the creation of specific molecular configurations that are essential for the biological activity of certain medications. Additionally, it serves as a solvent in various organic reactions, particularly where the control of stereochemistry is vital. In the field of material science, it is utilized in the development of polymers and resins that require precise structural properties. Its applications also extend to the production of fine chemicals and as an intermediate in the manufacture of agrochemicals, where its chiral nature can influence the efficacy and specificity of the final product.