This compound is primarily utilized in the synthesis of pharmaceutical intermediates, particularly in the development of chiral drugs. Its structure is valuable for creating compounds with specific stereochemical properties, which are essential in designing medications with targeted biological activity. It is often employed in research and development for producing active pharmaceutical ingredients (APIs) that require precise enantiomeric control. Additionally, it serves as a building block in organic synthesis for constructing complex molecules used in medicinal chemistry. Its application is critical in industries focused on producing high-purity, optically active substances for therapeutic use.