This chemical is primarily utilized in the field of organic synthesis, particularly as a building block or intermediate in the production of more complex molecules. Its stereochemistry and functional groups make it valuable for constructing chiral compounds, which are often essential in the development of pharmaceuticals. It is commonly employed in the synthesis of active pharmaceutical ingredients (APIs) where precise stereochemical control is required. Additionally, it can serve as a ligand or catalyst in asymmetric synthesis, aiding in the creation of enantiomerically pure substances. Its stability and reactivity also make it suitable for use in research and development of novel chemical entities.