This compound is primarily utilized in the synthesis of pharmaceutical intermediates, particularly in the production of chiral molecules. It serves as a key building block in the development of various drugs, including those targeting neurological and cardiovascular conditions. Its chiral nature makes it valuable in asymmetric synthesis, enabling the creation of enantiomerically pure compounds. Additionally, it is used in research and development for studying stereochemistry and optimizing catalytic processes in organic chemistry. Its application extends to the preparation of fine chemicals and specialty materials, where precise control over molecular structure is essential.