This chemical is primarily utilized in the synthesis of chiral compounds due to its stereochemistry, making it valuable in the production of pharmaceuticals and fine chemicals. It serves as a key intermediate in the development of active pharmaceutical ingredients (APIs), particularly in the creation of drugs targeting specific biological pathways. Additionally, it is used in organic synthesis to introduce chiral centers into molecules, enhancing their biological activity or specificity. Its application extends to research laboratories, where it aids in the study of stereoselective reactions and the development of novel chemical entities.