Used as a key intermediate in the synthesis of chiral compounds, particularly in pharmaceutical research. It plays a crucial role in the production of enantiomerically pure drugs, where precise stereochemistry is essential for biological activity. The compound is also employed in peptide synthesis, aiding in the formation of aziridine-containing peptides, which are valuable in medicinal chemistry. Additionally, it serves as a building block in the development of novel organic molecules with potential applications in material science and catalysis. Its stability and reactivity make it a versatile reagent in asymmetric synthesis.