Used as a chiral building block in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) that require specific stereochemistry for efficacy. It is also employed in organic synthesis as a precursor for creating complex molecules with potential therapeutic applications. Additionally, it serves as a ligand or catalyst in asymmetric synthesis, aiding in the production of enantiomerically pure compounds. Its methoxymethyl group contributes to its utility in modifying the solubility and reactivity of intermediates in chemical reactions.