Used as a chiral building block in asymmetric synthesis, particularly in the pharmaceutical industry for the preparation of enantiomerically pure drugs. Commonly employed in the production of fragrances and flavors due to its pleasant odor and natural occurrence in some essential oils. Serves as a resolving agent for racemic mixtures and as a starting material in the synthesis of more complex organic molecules. Also utilized in the development of liquid crystals and chiral stationary phases for chromatographic separation.