This chemical is primarily utilized in the field of organic synthesis and pharmaceutical research due to its unique structural properties. It serves as a key intermediate in the development of complex molecules, particularly in the synthesis of chiral compounds. Its application is significant in asymmetric catalysis, where it aids in the production of enantiomerically pure substances, which are crucial in the manufacture of certain drugs and bioactive molecules. Additionally, it is employed in the study of receptor-ligand interactions, helping researchers understand binding mechanisms and design more effective therapeutic agents. Its role in medicinal chemistry is also notable, as it contributes to the discovery and optimization of new drug candidates with potential applications in treating various diseases.