This chemical is primarily used in the synthesis of chiral compounds, particularly in the pharmaceutical industry, where it serves as a key intermediate for producing enantiomerically pure drugs. Its structure makes it valuable in asymmetric catalysis, enabling the creation of molecules with specific stereochemistry, which is crucial for drugs with targeted biological activity. Additionally, it is employed in research and development for studying enzyme inhibition and receptor binding mechanisms, aiding in the design of more effective therapeutic agents. Its role in organic synthesis also extends to the production of fine chemicals and specialty materials.