This compound is primarily utilized in the field of organic synthesis as a chiral building block. Its stereochemistry makes it valuable for constructing complex molecules with specific three-dimensional arrangements, which is crucial in the development of pharmaceuticals. It is often employed in asymmetric synthesis to create enantiomerically pure substances, which are essential for drugs that require precise interactions with biological targets. Additionally, it serves as a ligand in catalytic processes, enhancing the efficiency and selectivity of chemical reactions. Its role in medicinal chemistry is significant, particularly in the design and synthesis of bioactive compounds with potential therapeutic applications.