This compound is primarily utilized in the synthesis of chiral molecules, particularly in the pharmaceutical industry, where it serves as a key intermediate for producing enantiomerically pure drugs. Its chiral structure makes it valuable in asymmetric synthesis, enabling the creation of compounds with high stereochemical precision. Additionally, it is employed in the development of catalysts for organic reactions, enhancing the efficiency and selectivity of processes like hydrogenation and C-C bond formation. In research, it is used to study stereochemical effects and to design novel bioactive molecules with potential therapeutic applications.