This compound is primarily utilized in the synthesis of various fine chemicals and pharmaceuticals due to its chiral structure, which is essential for creating enantiomerically pure substances. It serves as a key intermediate in the production of flavoring agents and fragrances, contributing to the development of complex scent profiles in perfumes and food additives. Additionally, it is employed in organic synthesis for constructing more complex molecules, particularly in the preparation of natural products and bioactive compounds. Its stereochemistry also makes it valuable in asymmetric synthesis, where precise control over molecular configuration is required.