Used primarily in the synthesis of chiral compounds, it serves as a key intermediate in the production of pharmaceuticals and fine chemicals. Its stereochemistry makes it valuable for creating enantiomerically pure substances, which are critical in drug development. Additionally, it is employed in the manufacture of specialty polymers and surfactants, where its structure enhances performance and stability. In organic synthesis, it acts as a building block for complex molecules, particularly in asymmetric synthesis. Its applications also extend to the development of liquid crystals and advanced materials with specific optical properties.