Used in organic synthesis as a key intermediate for the preparation of chiral compounds, particularly in the pharmaceutical industry. It plays a role in the synthesis of peptides and amino acid derivatives, aiding in the development of drugs with specific stereochemical properties. Additionally, it is utilized in the production of catalysts for asymmetric synthesis, enhancing the efficiency and selectivity of chemical reactions. Its application extends to research and development of bioactive molecules, where precise chiral control is essential.