Used in the synthesis of chiral compounds, particularly in pharmaceutical research where enantiomeric purity is crucial. It serves as an intermediate in the production of optically active drugs, aiding in the development of medications with improved efficacy and reduced side effects. Additionally, it is utilized in asymmetric synthesis to create complex molecules with specific stereochemistry, which is essential in the fields of agrochemicals and fine chemicals. Its role in chiral resolution processes helps separate enantiomers, ensuring high purity in the final product.