This compound is primarily utilized in the field of organic synthesis, where it serves as a chiral building block for the production of more complex molecules. Its chiral nature makes it valuable in the development of pharmaceuticals, particularly in the synthesis of enantiomerically pure drugs, which can have different biological activities compared to their racemic counterparts. Additionally, it is employed in research settings for the study of stereochemistry and the development of new synthetic methodologies. The furan ring in its structure can also be leveraged in the design of compounds with potential biological activity, such as antimicrobial or antiviral agents.