This chemical is primarily utilized in the synthesis of chiral compounds, particularly in pharmaceutical research and development. It serves as a key intermediate in the production of enantiomerically pure drugs, where its stereochemistry plays a crucial role in ensuring the desired biological activity. Additionally, it is employed in the preparation of specialty chemicals and fine chemicals, often contributing to the development of advanced materials and catalysts. Its benzyloxy group makes it a versatile building block in organic synthesis, enabling the creation of complex molecular structures with high precision.