Used as a chiral intermediate in the synthesis of pharmaceuticals and agrochemicals due to its stereochemical purity. Its structure makes it valuable in asymmetric synthesis where the (R)-enantiomer is required for biological activity. Also employed in the fragrance industry for the preparation of esters that mimic natural scents, particularly fruity and floral aromas. These esters are common in perfumes, cosmetics, and flavorings. Additionally, it serves as a solvent or modifier in specialty chemical formulations where optical activity is important.