This chemical is primarily utilized in the field of organic synthesis, where it serves as a chiral building block for the creation of complex molecules. Its unique structure makes it valuable in the development of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) that require specific stereochemistry. It is also employed in the preparation of ligands for asymmetric catalysis, aiding in the production of enantiomerically pure compounds. Additionally, it finds application in research settings for studying receptor interactions and biochemical pathways due to its potential to mimic natural substrates.