This compound is primarily utilized in the synthesis of pharmaceuticals, particularly as an intermediate in the production of complex drug molecules. Its structure, featuring both hydroxyl and carboxylate functional groups, makes it a valuable building block in medicinal chemistry. It is often employed in the development of antiviral and anticancer agents, where its stereochemistry plays a critical role in enhancing the efficacy and specificity of the final drug product. Additionally, it is used in research settings for the preparation of chiral compounds, aiding in the study of stereoselective reactions and drug-target interactions.