Used primarily in the synthesis of chiral compounds, this chemical plays a crucial role in asymmetric catalysis, particularly in the production of pharmaceuticals where enantiomeric purity is essential. It is often employed in the development of drugs that require specific stereochemistry to achieve desired biological activity. Additionally, it serves as a key intermediate in the preparation of complex organic molecules, aiding in the creation of compounds with high optical purity. Its application extends to research and development in organic chemistry, where it is utilized to study and optimize catalytic processes.