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 complex organic molecules, especially those requiring precise stereochemistry. Its application is significant in the preparation of biologically active compounds, including inhibitors and modulators of enzymes or receptors. Additionally, it is employed in asymmetric synthesis to introduce chiral centers in target molecules, enhancing their efficacy and specificity in drug development. Its stability and reactivity make it a valuable reagent in organic and medicinal chemistry research.