This compound is primarily utilized in organic synthesis as a chiral building block for the production of various pharmaceuticals and fine chemicals. Its chiral nature makes it valuable in the synthesis of enantiomerically pure drugs, particularly in the development of active pharmaceutical ingredients (APIs) where stereochemistry plays a critical role in efficacy. Additionally, it serves as an intermediate in the preparation of complex molecules, including those used in asymmetric catalysis. The benzyloxy group in the compound provides a protective function for alcohols, which can be selectively removed during synthetic processes. Its application extends to the field of medicinal chemistry, where it is employed in the design and synthesis of bioactive molecules with potential therapeutic properties.