This chemical is widely used in organic synthesis as a chiral building block. It serves as a key intermediate in the production of pharmaceuticals, particularly in the synthesis of enantiomerically pure compounds. Its application is prominent in the development of drugs and fine chemicals where stereochemistry plays a critical role. Additionally, it is utilized in the preparation of ligands for asymmetric catalysis, enhancing the efficiency and selectivity of chemical reactions. Its stability and reactivity make it a valuable component in research and industrial processes for creating complex molecular structures.