This chemical is primarily utilized in the synthesis of chiral compounds and as a building block in organic chemistry. It serves as a key intermediate in the production of pharmaceuticals, particularly in the development of drugs that require specific stereochemistry for their activity. Additionally, it is employed in the creation of specialty chemicals, such as ligands for asymmetric catalysis, which are crucial in producing enantiomerically pure substances. Its unique stereochemistry also makes it valuable in research and development for studying stereoselective reactions and designing novel molecular structures.