This chemical is primarily used in the synthesis of chiral compounds due to its stereospecific properties. It serves as a key intermediate in the production of pharmaceuticals, particularly in the development of drugs that require a specific enantiomeric form for enhanced efficacy and reduced side effects. Additionally, it is employed in organic synthesis to create complex molecules with potential applications in agrochemicals and materials science. Its isothiocyanate group makes it a valuable reagent for coupling reactions, enabling the formation of thiourea derivatives, which are useful in various biochemical and industrial processes.