This compound is primarily utilized in the synthesis of chiral molecules and as a building block in organic chemistry. Its stereochemistry makes it valuable in the production of enantiomerically pure substances, which are crucial in pharmaceuticals for creating drugs with specific biological activities. Additionally, it serves as a precursor in the development of polymers and specialty chemicals, where its diol functionality allows for the formation of polyesters and polyurethanes. In research, it is often employed as a model compound to study stereoselective reactions and catalysis. Its applications also extend to the field of materials science, where it is used to design advanced materials with tailored properties.