This chemical is primarily utilized in the synthesis of active pharmaceutical ingredients (APIs), particularly in the development of agrochemicals and pesticides. It serves as a key intermediate in the production of compounds that exhibit herbicidal and fungicidal properties, contributing to the protection of crops from pests and diseases. Additionally, it is employed in research and development for creating enantiomerically pure substances, which are crucial in the pharmaceutical industry for producing drugs with higher efficacy and reduced side effects. Its role in asymmetric synthesis also makes it valuable in the field of organic chemistry for constructing complex molecular structures.