This compound is primarily utilized in the field of organic synthesis as a chiral building block. Its stereospecific structure makes it valuable for constructing complex molecules with high enantiomeric purity, particularly in the pharmaceutical industry where it aids in the development of drugs with specific stereochemical requirements. It is also employed in asymmetric catalysis, enhancing the efficiency and selectivity of chemical reactions. Additionally, it serves as a precursor in the synthesis of various biologically active compounds, including antibiotics and other therapeutic agents.