Used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. It serves as a building block for chiral compounds due to its asymmetric center, making it valuable in synthesizing enantiomerically pure drugs. Also employed in the preparation of specialty polymers and resins, where it contributes to thermal stability and cross-linking properties. Its reactivity allows for ring-opening reactions with nucleophiles like amines and alcohols, enabling the creation of esters and amides used in fine chemicals.