This compound is primarily utilized in the field of organic synthesis, where it serves as a chiral auxiliary or building block in the preparation of enantiomerically pure compounds. Its structure is particularly valuable in asymmetric synthesis, enabling the creation of complex molecules with high stereochemical control. In pharmaceutical research, it is employed to develop chiral drugs, ensuring the desired biological activity and reducing potential side effects. Additionally, it finds use in the synthesis of agrochemicals and fine chemicals, where precise stereochemistry is critical for efficacy. Its role in catalysis and as a ligand in metal-catalyzed reactions further highlights its versatility in synthetic chemistry.