This compound is primarily utilized in the synthesis of pharmaceutical intermediates, particularly in the development of chiral molecules for drug discovery. Its structure makes it valuable for creating enantiomerically pure compounds, which are essential in producing medications with specific therapeutic effects. It is also employed in organic synthesis as a building block for constructing complex molecules, especially in the field of medicinal chemistry. Additionally, it finds use in research settings for studying enzymatic reactions and stereochemical processes due to its chiral nature.