Primarily utilized in advanced organic synthesis, this compound serves as a key intermediate in the development of complex molecular structures, particularly in the field of pharmaceuticals. Its unique stereochemistry and functional groups make it valuable for creating chiral molecules, which are essential in the production of enantiomerically pure drugs. Additionally, it finds application in materials science, where it is employed in the synthesis of specialized polymers and coatings that require precise control over molecular architecture. Its role in catalysis is also noteworthy, as it can act as a ligand in asymmetric catalytic reactions, enhancing the efficiency and selectivity of chemical transformations.