This compound is primarily utilized in organic synthesis as a chiral building block for the production of various pharmaceuticals and fine chemicals. Its stereochemistry makes it valuable in the synthesis of enantiomerically pure substances, particularly in the development of drugs where specific chirality is crucial for biological activity. It is often employed in asymmetric synthesis to create complex molecules with high optical purity. Additionally, it can serve as an intermediate in the preparation of agrochemicals and other specialty chemicals, where its unique structure contributes to the desired properties of the final product.