This compound is primarily utilized in the pharmaceutical industry as a chiral building block in the synthesis of various active pharmaceutical ingredients (APIs). Its stereochemistry makes it valuable for creating enantiomerically pure drugs, particularly in the development of medications targeting the central nervous system. It is also employed in research settings as a reagent for asymmetric synthesis, aiding in the production of complex molecules with high optical purity. Additionally, it finds use in the preparation of catalysts for organic transformations, enhancing the efficiency and selectivity of chemical reactions.