This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of more complex molecules. Its unique structure, featuring both an epoxide and a carboxylic acid group, makes it a versatile building block for constructing various pharmacologically active compounds. It is often employed in the synthesis of chiral molecules, particularly those used in the development of pharmaceuticals, where stereochemistry plays a crucial role in biological activity. Additionally, its reactivity allows it to participate in cyclization and ring-opening reactions, which are essential for creating diverse chemical architectures. Researchers also explore its potential in material science, particularly in the design of polymers and other advanced materials with specific functional properties.