This compound is primarily utilized in the synthesis of chiral intermediates for pharmaceuticals, particularly in the production of active pharmaceutical ingredients (APIs) that require specific enantiomeric forms. Its chiral nature makes it valuable in the development of drugs targeting neurological and cardiovascular disorders. Additionally, it serves as a key building block in organic synthesis for creating complex molecules with high enantiomeric purity. Researchers also employ it in asymmetric catalysis studies to explore new methods for efficient and selective chemical transformations.