Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of chiral compounds and active pharmaceutical ingredients (APIs). It plays a role in the development of drugs targeting specific biological pathways due to its chiral nature. Additionally, it is employed in the manufacture of agrochemicals, aiding in the creation of herbicides and pesticides with enhanced efficacy. In organic chemistry, it serves as a building block for the preparation of various esters and ethers, which are utilized in specialty chemicals and fine chemical production. Its application extends to research and development, where it is used to study stereochemistry and reaction mechanisms.