Used in the synthesis of statin-class cholesterol-lowering drugs. Acts as a key intermediate in producing pharmaceuticals that inhibit HMG-CoA reductase, the enzyme responsible for cholesterol biosynthesis. Its structure supports high selectivity and potency in active drug forms, making it valuable in developing treatments for hypercholesterolemia and cardiovascular diseases. Commonly employed in multi-step organic syntheses where stereochemistry and functional group compatibility are critical.