Used in the synthesis of chiral pharmaceuticals and fine chemicals due to its enantiomeric purity. Acts as a building block in asymmetric synthesis, particularly in the development of active pharmaceutical ingredients where stereochemistry is critical. Also employed in the preparation of biodegradable polymers and esters for use in cosmetics and personal care products, leveraging its natural origin and skin-compatibility. Its hydroxyl and carboxyl functional groups allow for easy modification in organic reactions, making it valuable in specialty chemical manufacturing.