This chemical is primarily utilized in the synthesis of chiral intermediates for pharmaceutical applications. It serves as a key building block in the production of enantiomerically pure compounds, which are essential for developing drugs with specific therapeutic effects. Its structure, featuring a methoxybenzyloxy group, makes it valuable in protecting and deprotecting steps during complex organic syntheses. Additionally, it is employed in research settings to study stereochemistry and to create biologically active molecules, particularly in the development of cardiovascular and central nervous system medications.