This chemical is primarily utilized in the synthesis of chiral compounds, particularly in the pharmaceutical industry. It serves as a key intermediate in the production of various active pharmaceutical ingredients (APIs) that require specific stereochemistry for efficacy. Its chiral structure makes it valuable in asymmetric synthesis, enabling the creation of enantiomerically pure drugs. Additionally, it is employed in the development of fine chemicals and specialty materials where precise molecular orientation is critical. Its role in organic synthesis often involves being a building block for complex molecules, contributing to advancements in medicinal chemistry and drug discovery.