Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of active ingredients for antihypertensive drugs. It serves as a chiral building block in asymmetric synthesis due to its rigid structure and functional groups. Employed in the preparation of biodegradable chelating agents, offering an environmentally friendly alternative to traditional phosphonate-based chelators in detergents and water treatment. Also utilized in organic synthesis for ring-opening reactions and the development of specialty polymers with tailored properties.