This compound is primarily used in organic synthesis as an intermediate for the production of various pharmaceuticals and fine chemicals. Its structure makes it valuable in the development of chiral compounds, which are crucial in the creation of enantiomerically pure drugs. Additionally, it serves as a building block in the synthesis of complex organic molecules, particularly in the field of medicinal chemistry, where it contributes to the development of bioactive compounds with potential therapeutic applications. Its utility also extends to the production of fragrances and flavoring agents, where its specific chemical properties can enhance the desired sensory characteristics.