This compound is primarily utilized in the synthesis of chiral intermediates for pharmaceuticals, particularly in the production of enantiomerically pure drugs. It serves as a key building block in the development of active pharmaceutical ingredients (APIs) that require precise stereochemistry, such as certain antibiotics, antivirals, and central nervous system agents. Its chiral nature allows for the creation of compounds with higher efficacy and reduced side effects. Additionally, it is employed in organic chemistry research for studying asymmetric synthesis and developing novel catalytic processes. Its stability and ease of handling make it a valuable reagent in both industrial and academic settings.