This chemical is primarily utilized in the synthesis of chiral compounds, serving as a key intermediate in the production of pharmaceuticals and fine chemicals. Its structure is particularly valuable in asymmetric synthesis, where it aids in creating enantiomerically pure substances, which are crucial for developing drugs with specific biological activities. Additionally, it finds application in organic chemistry research, where it is used to study stereochemical reactions and develop novel synthetic pathways. Its role in constructing complex molecular architectures makes it a significant component in the field of medicinal chemistry and drug discovery.