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 stereochemical requirements. Its chiral nature makes it valuable in asymmetric synthesis, where it helps create enantiomerically pure substances. Additionally, it finds application in the preparation of fine chemicals and agrochemicals, where precise molecular configuration is crucial for efficacy. In research, it is often employed as a building block for complex organic molecules, aiding in the study of stereoselective reactions and the development of novel therapeutic agents.