This chemical is primarily used in the synthesis of complex organic molecules, particularly in the pharmaceutical industry. It serves as a chiral auxiliary or building block in the production of enantiomerically pure compounds, which are crucial for developing active pharmaceutical ingredients (APIs). Its structure is beneficial in asymmetric synthesis, enabling the creation of specific stereoisomers with high precision. Additionally, it is utilized in peptide chemistry to protect functional groups during multi-step reactions, ensuring the integrity of the target molecule. Its stability and reactivity make it a valuable tool in medicinal chemistry and drug discovery processes.