This chemical is widely used as a chiral building block in organic synthesis, particularly in the preparation of pharmaceuticals and fine chemicals. Its chiral nature allows for the production of enantiomerically pure compounds, which is crucial in drug development to ensure specific biological activity. It is also employed in the synthesis of active pharmaceutical ingredients (APIs) where precise stereochemistry is required. Additionally, it serves as an intermediate in the production of agrochemicals, contributing to the development of pesticides and herbicides with improved efficacy. Its application extends to material science, where it is used in the synthesis of specialized polymers and coatings.