This compound is primarily utilized in organic synthesis, particularly in the production of chiral molecules. It serves as a key intermediate in the synthesis of pharmaceuticals, where its chiral nature is crucial for creating enantiomerically pure drugs. Additionally, it is employed in the development of fine chemicals and agrochemicals, where its structural properties allow for the creation of complex, biologically active compounds. Its application extends to research and development in asymmetric synthesis, aiding in the study of stereoselective reactions.