Used primarily as a chiral building block in organic synthesis, particularly in the production of pharmaceuticals and fine chemicals. It serves as a key intermediate in the synthesis of enantiomerically pure compounds, which are crucial for developing drugs with specific biological activities. Additionally, it is employed in the preparation of specialty polymers and as a solvent in certain high-precision industrial processes. Its chiral nature makes it valuable in asymmetric synthesis, enabling the creation of complex molecules with high stereochemical control.