This compound is primarily utilized in the synthesis of chiral molecules, particularly in the pharmaceutical industry. It serves as a key intermediate in the production of enantiomerically pure drugs, where its chiral structure is crucial for achieving the desired biological activity. Additionally, it is employed in the development of asymmetric catalysts used in organic synthesis, enhancing the efficiency and selectivity of chemical reactions. Its application extends to research settings, where it is used to study stereochemistry and develop new methodologies for chiral resolution.