Used as a chiral building block in organic synthesis, particularly in the production of pharmaceuticals and fine chemicals. It serves as a key intermediate in the synthesis of complex molecules, including natural products and bioactive compounds. Its unique structure makes it valuable in asymmetric synthesis, enabling the creation of enantiomerically pure substances. Additionally, it is employed in the development of fragrances and flavoring agents due to its distinct aromatic properties. In research, it is utilized to study reaction mechanisms and develop new synthetic methodologies.