This compound is primarily used in the synthesis of chiral intermediates for pharmaceuticals, particularly in the development of drugs targeting cardiovascular and neurological disorders. Its benzodioxane structure is valuable in creating enantiomerically pure compounds, which are crucial for enhancing drug efficacy and reducing side effects. Additionally, it serves as a building block in organic synthesis for the preparation of complex molecules with potential therapeutic applications. Its chiral nature also makes it useful in asymmetric catalysis, aiding in the production of optically active substances.