This chemical is primarily utilized in organic synthesis as a chiral building block. It is often employed in the preparation of pharmaceuticals and fine chemicals, where its stereochemistry plays a crucial role in the development of enantiomerically pure compounds. The compound is particularly valuable in asymmetric synthesis, enabling the creation of complex molecules with high optical purity. Additionally, it serves as an intermediate in the production of active pharmaceutical ingredients (APIs) and other biologically active compounds. Its sulfonate group makes it a useful precursor for further functionalization, allowing chemists to introduce various substituents in targeted synthetic pathways.