This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of more complex molecules. Its structure is particularly valuable in the development of pharmaceuticals, especially in the synthesis of chiral compounds where stereochemistry plays a crucial role. The compound is often employed in the creation of active pharmaceutical ingredients (APIs) that require precise stereochemical configurations to achieve desired therapeutic effects. Additionally, it finds application in the research and development of new drugs, aiding in the exploration of novel chemical entities with potential biological activities. Its role in facilitating the synthesis of enantiomerically pure substances makes it a valuable tool in medicinal chemistry and drug discovery processes.