Used primarily in the synthesis of chiral compounds, this chemical serves as a key intermediate in the production of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) with specific stereochemistry. It is also employed in the creation of ligands for asymmetric catalysis, enhancing the efficiency and selectivity of chemical reactions. Additionally, it finds application in the preparation of fine chemicals and agrochemicals, where its structural properties contribute to the desired biological activity. Its role in research and development of new drugs and materials underscores its importance in advancing medicinal chemistry and industrial applications.