This compound is primarily utilized in the field of organic synthesis, particularly in the development of chiral catalysts and intermediates. Its unique stereochemistry makes it valuable in asymmetric synthesis, where it aids in the production of enantiomerically pure compounds, which are crucial in the pharmaceutical industry for creating drugs with specific biological activities. Additionally, it serves as a key building block in the synthesis of complex molecules, contributing to the advancement of medicinal chemistry and the development of new therapeutic agents. Its structural features also make it a candidate for research in material science, particularly in the design of novel polymers with specific properties.