This chemical is primarily used in the synthesis of chiral compounds, particularly in the pharmaceutical industry, where it serves as a key intermediate in the production of enantiomerically pure drugs. Its structure is valuable in asymmetric catalysis, enabling the creation of complex molecules with high stereochemical control. Additionally, it finds application in research laboratories for developing new methodologies in organic synthesis, especially in the preparation of biologically active molecules. Its utility in fine chemical manufacturing makes it a critical component for producing high-purity compounds used in therapeutic agents and advanced materials.