This compound is primarily utilized in the synthesis of chiral molecules, particularly in the pharmaceutical industry. It serves as a key intermediate in the production of enantiomerically pure drugs, where its stereochemistry plays a crucial role in ensuring the desired biological activity. Additionally, it is employed in organic synthesis for the preparation of complex molecules, including natural products and bioactive compounds. Its methoxy and benzyl groups make it a versatile building block for constructing diverse chemical structures in medicinal chemistry and drug development.