Used as a chiral building block in asymmetric synthesis, particularly in the pharmaceutical industry for the preparation of enantiomerically pure compounds. Its rigid dioxolane structure with defined stereochemistry makes it valuable as a protecting group strategy for diols while also serving as a scaffold in the synthesis of bioactive molecules. Commonly employed in the development of natural products and active pharmaceutical ingredients (APIs) where stereocontrol is critical. The ester functionality allows for further chemical modifications, such as reduction to alcohols or conversion to amides, enabling its integration into more complex molecular architectures.