This chemical is primarily utilized in the synthesis of chiral catalysts and ligands, which are essential in asymmetric organic reactions. Its unique stereochemistry makes it valuable in the production of enantiomerically pure compounds, particularly in pharmaceutical manufacturing where specific chirality is crucial for drug efficacy. Additionally, it serves as a key intermediate in the development of advanced materials with tailored optical properties, such as liquid crystals and organic light-emitting diodes (OLEDs). Its application extends to agrochemical research, where it aids in creating more selective and effective pesticides.