This compound is primarily used in the synthesis of chiral molecules, particularly in the pharmaceutical industry. It serves as a key intermediate in the production of enantiomerically pure drugs, where the specific stereochemistry is crucial for biological activity. Additionally, it is employed in the development of peptidomimetics, which are compounds that mimic the structure and function of peptides, often used in drug discovery to target protein-protein interactions. Its application extends to asymmetric synthesis, where it acts as a chiral building block or ligand in catalytic processes to produce optically active compounds.