This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a chiral building block for the development of various biologically active molecules, particularly in the synthesis of enantiomerically pure compounds. Its structure makes it valuable in the preparation of ligands for asymmetric catalysis, which is crucial for producing pharmaceuticals with high stereochemical purity. Additionally, it has been explored in the design of novel drug candidates targeting specific receptors or enzymes, owing to its ability to mimic natural substrates or inhibitors. Its application extends to materials science, where it can be used in the development of chiral polymers or advanced materials with specific optical properties.