This compound is primarily used in the synthesis of complex organic molecules, particularly in the development of pharmaceuticals and bioactive compounds. Its chiral structure makes it valuable in creating enantiomerically pure drugs, which are crucial for ensuring efficacy and reducing side effects. Additionally, it serves as a key intermediate in the production of certain antibiotics and antifungal agents, contributing to their structural framework. In research, it is employed to study enzyme interactions and metabolic pathways due to its resemblance to naturally occurring fatty acid derivatives. Its applications also extend to the field of agrochemicals, where it is utilized in the development of environmentally friendly pesticides and herbicides. Furthermore, it is explored in the cosmetics industry and skin care products owing to its hydroxyl and ester groups, which aid in moisture retention and skin strengthening.