This compound is primarily utilized in organic synthesis and pharmaceutical research. It serves as a chiral building block for the development of complex molecules, particularly in the synthesis of biologically active compounds. Its structure is valuable in the creation of ligands for asymmetric catalysis, enhancing the efficiency and selectivity of chemical reactions. Additionally, it is employed in the preparation of drug candidates, especially those targeting neurological and metabolic disorders, due to its ability to influence stereochemistry and improve therapeutic efficacy. Researchers also explore its potential in material science for designing advanced polymers with specific properties.