Used primarily in the synthesis of chiral compounds, this chemical serves as a key intermediate in the production of pharmaceuticals, particularly in the development of drugs with specific stereochemical requirements. Its stereospecific structure makes it valuable in asymmetric synthesis, enabling the creation of enantiomerically pure substances. Additionally, it finds application in the manufacture of specialty chemicals, such as surfactants and fragrances, where its unique molecular configuration contributes to desired properties like stability and scent profile. In material science, it is utilized in the development of advanced polymers and coatings, enhancing performance characteristics such as durability and resistance to environmental factors.