This compound is widely used as a chiral resolving agent in organic synthesis, particularly for the separation of enantiomers in racemic mixtures. Its stereospecific properties make it valuable in the production of optically active pharmaceuticals, ensuring high enantiomeric purity in drug development. Additionally, it serves as a key intermediate in the synthesis of various biologically active molecules, including anti-inflammatory and antiviral agents. Its application extends to asymmetric catalysis, where it facilitates the creation of chiral centers in complex organic molecules, enhancing the efficiency and selectivity of chemical reactions.