This compound is primarily utilized in the synthesis of chiral molecules, playing a crucial role in the production of pharmaceuticals and fine chemicals. Its chiral nature makes it valuable in creating enantiomerically pure drugs, which can enhance efficacy and reduce side effects. It is often employed as a building block in organic synthesis, particularly in the development of active pharmaceutical ingredients (APIs) for therapeutic applications. Additionally, it serves as a key intermediate in the preparation of agrochemicals, contributing to the creation of more effective and targeted crop protection agents. Its application extends to research and development, where it is used to study stereochemistry and develop novel chemical processes.