Used in organic synthesis as a chiral auxiliary to induce stereoselectivity in chemical reactions, particularly in the formation of enantiomerically pure compounds. It serves as a key intermediate in the production of pharmaceuticals, especially those requiring precise stereochemistry, such as certain antiviral and anticancer drugs. Additionally, it is employed in the development of ligands for asymmetric catalysis, enhancing the efficiency and selectivity of catalytic processes in industrial applications. Its role in the synthesis of biologically active molecules makes it valuable in medicinal chemistry research.