Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of anticoagulant drugs. Its structure allows for selective functionalization, making it valuable in constructing complex bioactive molecules. Commonly employed in research settings for designing novel compounds with potential cardiovascular and anti-inflammatory activity. Also utilized in the preparation of chiral building blocks for asymmetric synthesis. Its aldehyde and hydroxyl groups enable diverse chemical transformations, supporting its role in medicinal chemistry and drug discovery processes.