This compound is primarily used in the synthesis of chiral molecules, particularly in pharmaceutical research and development. It serves as a key intermediate in the production of enantiomerically pure drugs, ensuring high specificity and efficacy in therapeutic applications. Additionally, it is employed in asymmetric synthesis to create complex organic compounds with precise stereochemistry, which is crucial for developing active pharmaceutical ingredients (APIs) with reduced side effects. Its role in catalysis and as a building block in medicinal chemistry highlights its importance in advancing drug discovery and development processes.