This compound is primarily utilized as a chiral building block in organic synthesis, particularly in the production of pharmaceuticals and fine chemicals. Its stereochemistry makes it valuable for creating enantiomerically pure substances, which are crucial in drug development to ensure efficacy and reduce side effects. It is often employed in asymmetric synthesis, where it serves as a precursor or intermediate for complex molecules. Additionally, it finds use in the synthesis of natural products and bioactive compounds, contributing to advancements in medicinal chemistry and material science.