This compound is primarily utilized in the field of organic synthesis as a chiral building block or intermediate. Its structure, featuring a diethylamino group and a stereocenter, makes it valuable for the production of enantiomerically pure compounds, which are crucial in pharmaceuticals and agrochemicals. It can also serve as a ligand in asymmetric catalysis, enhancing the selectivity and efficiency of chemical reactions. Additionally, its potential applications extend to the development of specialty chemicals and fine chemicals, where precise control over molecular configuration is essential.