Used as a chiral building block in organic synthesis, particularly in the preparation of pharmaceuticals and biologically active compounds. Its amino alcohol functionality makes it suitable for catalysis, such as in asymmetric synthesis where it can act as a ligand or organocatalyst. Also finds use in the development of specialty chemicals, including surfactants and emulsifiers, due to its amphiphilic nature. Additionally, it may serve as an intermediate in the synthesis of agrochemicals and fine chemicals requiring specific stereochemistry.