Used primarily as a chiral building block in the synthesis of pharmaceuticals and fine chemicals. Its enantiomerically pure form makes it valuable in asymmetric synthesis, particularly in the preparation of beta-blockers and other cardiovascular drugs. It also serves as an intermediate in the production of epoxy resins and polymers where chirality affects the final material properties. Additionally, it finds use in the preparation of chiral ligands and catalysts for enantioselective reactions.