This compound is primarily utilized in the synthesis of chiral intermediates for pharmaceuticals, particularly in the production of active pharmaceutical ingredients (APIs) that require specific stereochemistry. Its diacetylated structure makes it a valuable precursor in organic synthesis, enabling the creation of complex molecules with high enantiomeric purity. Additionally, it finds application in the development of fine chemicals and specialty compounds used in research and industrial processes. Its role in asymmetric synthesis is significant, often aiding in the construction of biologically active molecules with precise three-dimensional configurations.