This chemical is primarily used in organic synthesis as a chiral building block. It is particularly valuable in the preparation of complex molecules, such as pharmaceuticals and natural products, where stereochemical control is essential. The compound serves as a key intermediate in the synthesis of enantiomerically pure substances, enabling the creation of specific stereoisomers with high precision. Its benzyl-protected hydroxyl groups make it suitable for selective deprotection and further functionalization, allowing chemists to tailor its structure for various applications. Additionally, it is employed in the development of ligands for asymmetric catalysis, contributing to the production of optically active compounds in industries like drug manufacturing and fine chemicals.