This chemical is primarily utilized in organic synthesis as a chiral building block. It serves as a key intermediate in the production of various biologically active compounds, including nucleosides and carbohydrates. Its isopropylidene group provides protection for sensitive functional groups during complex synthetic processes, enabling selective reactions. Additionally, it is employed in the synthesis of natural products and pharmaceuticals, particularly those requiring precise stereochemistry. Its lactone structure also makes it valuable in the development of polymers and materials with specific properties.