This compound is primarily used in the synthesis of chiral intermediates for pharmaceuticals and fine chemicals. Its stereospecific structure makes it valuable in producing enantiomerically pure substances, which are crucial in drug development to ensure efficacy and reduce side effects. Additionally, it serves as a building block in organic synthesis, particularly in the creation of complex molecules with specific biological activities. In the flavor and fragrance industry, it is employed to develop unique aromatic compounds due to its ester functional group, which contributes to pleasant odors. Its application also extends to research laboratories, where it is utilized in studies involving chiral chemistry and enzymatic reactions.