Used as a chiral building block in the synthesis of pharmaceuticals, particularly in the production of antiviral and anticancer drugs. It serves as a precursor for the development of enantiomerically pure compounds, enhancing the efficacy and specificity of the final products. Also employed in the creation of ligands for asymmetric catalysis, improving the selectivity of chemical reactions in industrial processes. Additionally, it finds application in the preparation of specialty polymers and fine chemicals, where its unique stereochemistry contributes to desired material properties.